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Home / Questions / The production function is Cobb-Douglas function: ๐‘„(๐ฟ,๐พ) = ๐ฟ๐พ. The price of labor ๐ฟ ...

The production function is Cobb-Douglas function: ๐‘„(๐ฟ,๐พ) = ๐ฟ๐พ. The price of labor ๐ฟ โ€“ 10 Rub., the price of capital ๐พ โ€“ 20 Rub. The firm can spend 40000 Rub. Find the maximum production level

The production function is Cobb-Douglas function: ๐‘„(๐ฟ,๐พ) = ๐ฟ๐พ. The price of labor ๐ฟ โ€“ 10 Rub., the price of capital ๐พ โ€“ 20 Rub. The firm can spend 40000 Rub. Find the maximum production level (total product) available for the firm?

Apr 19 2021 View more View Less

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