Question: Suppose that you have estimated the following output function where L is labor and K is capital: Y = 0.25K2/3L1/3 (23 Points) You know that

Suppose that you have estimated the following output function where L is labor and K is capital: Y = 0.25K2/3L1/3 (23 Points) You know that the current price of labor is $13 and capital cost is $1 per per machine (capital). You currently use 80 units (machines) of capital. The price of the output is $60

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