Question: Provide 5 relastic casses study on cobb douglas maximum profit production formula. maximum profit formula = f(L,M)=pC(K^a)(L^b)(M^c)-L-M a+b+c=1 a>0,b>Oc>0. K= capital ( constant) L= labour

Provide 5 relastic casses study on cobb douglas maximum profit production

Provide 5 relastic casses study on cobb douglas maximum profit production formula. maximum profit formula = f(L,M)=pC(K^a)(L^b)(M^c)-L-M a+b+c=1 a>0,b>Oc>0. K= capital ( constant) L= labour ( we should choose the best Land M to get maximum profit) M= materials and suppliers ( we should choose the best M and L to get maximum profit) C=productively coefficient Provide 5 relastic casses study on cobb douglas maximum profit production formula. maximum profit formula = f(L,M)=pC(K^a)(L^b)(M^c)-L-M a+b+c=1 a>0,b>Oc>0. K= capital ( constant) L= labour ( we should choose the best Land M to get maximum profit) M= materials and suppliers ( we should choose the best M and L to get maximum profit) C=productively coefficient

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