A Cobb Douglas production function is given by the equation Q=150K^1/3L^2/3 where L = units of Labour,

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A Cobb Douglas production function is given by the equation

Q=150K^1/3L^2/3

where L = units of Labour, K = units of Capital.

Find the maximum level of output, Q, which is possible when subject to the constraint 5L+3K=450

Related Book For answer-question

Managerial Economics

ISBN: 978-1118808948

8th edition

Authors: William F. Samuelson, Stephen G. Marks

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Posted Date: May 26, 2020 09:45 PM

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A Cobb Douglas production function is given by the equation Q=150K^1/3L^2/3 where L = units of Labour,

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Managerial Economics

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