The Cobb-Douglas production function for a company is given by P = 20
where P is the monthly production value when k is the amount of the company's capital investment (in dollars per month)and l is the size of the labor force (in work hours per month).What is the production value when l = 1728 hours and k = $27,000 per month?
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Q227: The Cobb-Douglas production function for a company
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