Question: given: this Cobb Douglass production function Q = 2.40* L^0.75 * K^0.35 with the wage rate (w) of $25,000 per laborer and the rental rate

given: this Cobb Douglass production function

Q = 2.40* L^0.75 * K^0.35

with the wage rate (w) of $25,000 per laborer and the rental rate cost of capital (r) of $5,000 per unit,

calculate MPL and MPK: to find the optimal mix of labor and capital

find L and K

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