The Cobb-Douglas production function for a company is given by P(l,k)= 70

,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).Find

and

.

Question

The Cobb-Douglas production function for a company is given by P(l,k)= 70  
  
,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).Find  
  
and  
  
.

Quizplus · Accepted Answer

The Answer of The Cobb-Douglas production function for a company is given by P(l,k)= 70  
  
,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).Find  
  
and  
  
.

The Cobb-Douglas Production Function for a Company Is Given by P(l,k)=