The change in P due to a change in when the other variables are held constant is

Chapter 6, Problem 44

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The change in P due to a change in when the other variables are held constant is approximately Use the values of w, r, s, and t in Exercise 43 and assume that the nursing home gives its nurses and aides a small raise so that the average hourly wage is now an hour. By approximately how much does the profit change?

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