Suppose that a firm uses both labor (L) and capital (K) as inputs and has the long-run production…

Suppose that a firm uses both labor (L) and capital (K) as inputs and has the long-run production function

Suppose its capital is fixed at K = 36 in the short run.

a. How much does the firm produce in the short run (using efficient production methods) if it hires one worker? 

    Instructions: Round your answer to 3 decimal places.

 

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