The quantity, Q, of a good produced depends on the number of workers, W, and the amount of capital invested, K, according to the Cobb-Douglas function .
If the maximum production level at a budget of $2500 is 973 and , estimate the production if the budget is increased by $100.

Question

The quantity, Q, of a good produced depends on the number of workers, W, and the amount of capital invested, K, according to the Cobb-Douglas function  .
If the maximum production level at a budget of $2500 is 973 and  , estimate the production if the budget is increased by $100.

Quizplus · Accepted Answer

The Answer of The quantity, Q, of a good produced depends on the number of workers, W, and the amount of capital invested, K, according to the Cobb-Douglas function  .
If the maximum production level at a budget of $2500 is 973 and  , estimate the production if the budget is increased by $100.

The Quantity, Q, of a Good Produced Depends on the Number