You have 300 liras to spend on both capital and labour to produce a given output. Capital (K) and labour (L) are the only inputs. The price of capital is 1 lira per unit, the price of labour is 1 lira per unit as well. The production function is given as Q = F(K;L) = K3L: What is the maximum amount of output this rm can produce given 300 liras as cost of production? Provide a graph that accompanies your answer as well.

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