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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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 level of output, Q, which is possible when subject to the constraint 5L+3K=450
Related Book For
Managerial Economics
ISBN: 978-1118808948
8th edition
Authors: William F. Samuelson, Stephen G. Marks
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