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Question: Production suppose that a company's production for Q units of its product is given by the Cobb-Douglas production function
Q = 30K¼L3/4
where K is dollars of capital investment and L is labor hours.
(a) Find Q if K = $10,000 and L = 625 hours.
(b) Show that if both K and L are doubled, then the output is doubled.
(c) If capital investment is held at $10,000, graph Q as a function of L.
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Plot the graph of y = x3- 2 in the range -10 ≤ x ≤ 10 Name the axes and add a title. Where PV= Present Value, P=Payment per period, r=interest rate and n=number of years. Write a program to output he Present Value when different values for P, i and i..
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