Question: Consider a production function, f(l, m) = 100l 0.6m0.4 , where l embodies the units of labor and m embodies the units of assets. Cost

Consider a production function, f(l, m) = 100l

0.6m0.4

, where l embodies the units of labor

and m embodies the units of assets. Cost of labor is $150 per unit and cost of assets is $250

per unit. The total cost of labor and assets are restricted to $50,000. Find the maximum

production level for this manufacturer.

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