Firm uses 15 units of k, price of k=400 per unit
price of good=100: wage per worker =40,000
A. does this represents the SR OR LR? Explain
b. what is the optimal number of workers this firm willhire?
c. what are profits at this number of workers?
d. is the underlying total cost curve for this firm quadratic orcubic? explain?
B. xxxxxxx number xx xxxxxxx xxxx be xxxxx
40,000 = xxx*xxx
So , L = x