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Chapter 8, Section 8.6, Question 014 The quantity, Q, of a certain product manufactured depends on...

Chapter 8, Section 8.6, Question 014

The quantity, Q, of a certain product manufactured depends on the quantity of labor, L , and of capital, K, used according to the function

Q=900L^(1/2)K^(2/3)

Labor costs 100 per unit and capital costs 150 per unit. What combination of labor and capital should be used to produce units of the goods at minimum cost? What is that minimum cost? Round your answers to two decimal places.

Math   Calculus   
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