Multiple Choice
A company has the Cobb-Douglas production function , where x is the number of units of labor, y is the number of units of capital, and z is the units of production. Suppose labor costs $200 per unit, capital costs $200 per unit, and the total cost of labor and capital is limited to $400000. Find the number of units of labor and the number of units of capital that maximize production.
A) units of labor;
units of capital
B) units of labor;
units of capital
C) units of labor;
units of capital
D) units of labor;
units of capital
E) units of labor;
units of capital
Correct Answer:

Verified
Correct Answer:
Verified
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