ospital administration in a small rural hospital approximates that, holding doctors, beds, drugs, etc. constant, it has the following production and input price situation with respect to two types of labor L1 and L2 (e.g., RN nurses with and without bachelor’s degrees) who can be imperfectly substituted for one another: Q = 5 + 30*L1 - .5*L12 + 40*L2 – 1*L22. The hospital’s total cost function is TC = $6*L1 + $12*L2.  Output price $2 per unit of Q. How much L1should the hospital employ to maximize profits? Although a spreadsheet can be used, you should use Solver to find the solutio

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