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QUESTION
Given the above conditions and the production table above, fill in the two tables below
The Production table above represents daily production of product X
The only variable resource is labor
The fixed cost is $150/day
A work day is 8 hours.
Px = Price of product X
#L is the number of laborers hired to maximize profit; Qx is the total quantity of product X produced to achieve profit maximization
Given the above conditions and the production table above, fill in the two tables below
