Question 1162171: The production function for a company is given by P(C, L) = 20C2/3L1/3, where P is the monthly production value, C is the amount of the company's capital investment (in dollars per month), and L is the size of the labour force (in work hours per month). What is the company’s production value when L = 1,728 hours and C = $27,000 per month? Provide your answer to the nearest dollar.
Answer by greenestamps(13215)   (Show Source):
You can put this solution on YOUR website!
I won't try to guess what "20C2/3L1/3" means....
If there are some exponents in there, it is standard to use "^" (shift-6) to denote exponentiation.
Is "20C2" supposed to be "20C^2"?
Is "3L1/3" supposed to be "3L^(1/3)"?
And if those aren't exponents, you need to explain what they ARE....
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