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Business, 30.03.2021 05:20 eggg65

Suppose that a hot dog vendor uses a cart (K) and his time (L) to make and sell hot dogs. The vendor's production function is , where Q is the number of hot dogs per day. Suppose that the rental on hot dog carts is $50 per day and that the vendor wants to produce 500 hot dogs per day. The demand for labor is .

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Suppose that a hot dog vendor uses a cart (K) and his time (L) to make and sell hot dogs. The vendor...

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