Mathematics, 15.02.2021 01:20 hihowareyou12
Economists use the Cobb-Douglas production function to relate the value Q of produced goods to the
amount of capital and the amount L of labor. A manufacturer of masks finds that a hourly production
level Q = 77, 760 dollars verifies 5KLE = 77, 760 when K dollars are invested in capital and L
dollars are spent on labor.
dL
A. Find
ак
dL
ак
di
B. Evaluate when K = 243, L = 1024 .
ак
Round your answer to 3 decimal(s).
dL
243, 1024
dK
Answers: 1
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Economists use the Cobb-Douglas production function to relate the value Q of produced goods to the...
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