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22-11-2021
Mathematics

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Given a cobb – Douglas production function
Q = L0.5 K0.4

And the prices of capital and labour are ksh3 and ksh 4 respectively while the firm outlay is Kshs.108, calculate the optimal combination of factors inputs.

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Heaven44182 Heaven44182

22-11-2021

Answer:

Simplify y

[tex]l {}^{0.} (0.5 \: ko).0.4[/tex]

The Answer is:

[tex]q = 0.2ko[/tex]

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