Question: 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

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

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To find the maximum level of output Q from the CobbDouglas production function subject to a constraint we can use the method of Lagrange multipliers H... View full answer

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