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Suppose the Cobb-Douglas Production Function for a Company Is Given

Question 57

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Suppose the Cobb-Douglas production function for a company is given by Suppose the Cobb-Douglas production function for a company is given by , where P is production in tons, L is the number of workers, and K is the capital investment, in thousands of dollars. Find L if the company has a capital investment of 25 thousand dollars and the company employs 15 workers. Round to the nearest tenth. , where P is production in tons, L is the number of workers, and K is the capital investment, in thousands of dollars. Find Suppose the Cobb-Douglas production function for a company is given by , where P is production in tons, L is the number of workers, and K is the capital investment, in thousands of dollars. Find L if the company has a capital investment of 25 thousand dollars and the company employs 15 workers. Round to the nearest tenth. L if the company has a capital investment of 25 thousand dollars and the company employs 15 workers. Round to the nearest tenth.

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