[See Solution] The output at a certain factory Q(K,L)=120K^2/3L^1/3 units, where K is the capital investment measured in units of $1000 and L the size of the


Question: The output at a certain factory \(Q\left( K,L \right)=120{{K}^{2/3}}{{L}^{1/3}}\) units, where K is the capital investment measured in units of $1000 and L the size of the labor force measured in worker hours.

Compute the output if the capital investment is $125,000 and the size of the labor force is 1,331 workers.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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