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Mathematics, 04.01.2021 19:40 pinapunapula

The daily output at a plant manufacturing chairs is approximated by the function

f(L, K) = 453KL 3/5 chairs

where L is the size of the labor force measured in hundreds

of worker-hours and K is the daily capital investment in

thousands of dollars. If the plant manager has a daily budget

of $13,000 and the average wage of an employee is $9.00

per hour, what combination of worker-hours (to the nearest

hundred) and capital expenditures (to the nearest thousand)

will yield maximum daily production?

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Answers: 1

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The daily output at a plant manufacturing chairs is approximated by the function

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