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Consider the table below. Assume that the resource and output markets are both competitive, and that it is possible to hire fractional units of the...

Consider the table below. Assume that the resource and output markets are both competitive, and that it is possible to hire fractional units of the resource. The equilibrium price of the resource is $15.00, and the equilibrium price of the product is $.50. How many units of the resource will a profit-maximizing firm hire?

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