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. How many tons are produced if the company has an initial investment of 20 thousand dollars and the company employs 16 workers? Round to the nearest ton.

Question

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. How many tons are produced if the company has an initial investment of 20 thousand dollars and the company employs 16 workers? Round to the nearest ton.

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The Answer of 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. How many tons are produced if the company has an initial investment of 20 thousand dollars and the company employs 16 workers? Round to the nearest ton.

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