What is the maximum possible output, Managerial Economics

If the marginal product of L is MPL = 10K - L and the marginal product of K is MPK = 10L - K, then what is the maximum possible output when the total amount that can be spent on K and L is Rs 1000 and the price of K is Rs 5 and the price of L is Rs 5.

 

Posted Date: 4/1/2013 6:17:55 AM | Location : United States







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