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Management Studies

How many units of labor and how many units of capital should a company use to maximize the production level if the total cost of labor and capital combined is limited to $ 360000. Given x is the number of units of labor, at $61 per unit, and y is the number of units of capital expended, at $ 69 per unit. Where... P(x,y)=100*x^(0.25)*y^(0.75) (Round your answer to the nearest 2 decimal places.) x =? units of labor. y = ?units of capital.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92295965

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