Tou are given the followi

Tou are given the followi

Tou are given the following production function: Q=20l+65c-.2L^2-.2c^2*(^2 means raised to the second power incase you didnt know)the firms total budget is 3000, capital (c) costs $50 a unit, and labor(L) costs $20 a unitA. find the quatanties of capital and labor that maximize output,while at the same time satisfy the firms budget constraintB. what will happen to the firms output if the budget is raised by 100?Please help and try to explain answer!

%d bloggers like this: