What is the profit maximizing level of bicycles

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Reference no: EM133614665

Problem: Q = 24 L + 55 K where Q is the output of bicycles. The prices of labor (PL), capital (PK), bicycle (P) and the cost (C) are the following: PL=58, PK=16 P=3 C =3310. What is the profit maximizing level of bicycles that Belfast Company should produce?

Reference no: EM133614665

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