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q=L^0.5+K^0.5, assuming r=w=$8. Suppose this perfectly competitively firm horizontal demand curve with p=$48, calculate the quantity...

q=L^0.5+K^0.5, assuming r=w=$8. Suppose this perfectly competitively firm horizontal demand curve with p=$48, calculate the quantity this firm will decide to produce. Find the amount of L and K the firm will hire. Is this firm making a profit or loss, how much it it?

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