Given the production function P = f 1K, L2 = KaL1 - a and
Chapter 12, Problem 55(choose chapter or problem)
Given the production function P = f 1K, L2 = KaL1 - a and the budget constraint pK + qL = B, where a, p, q, and B are given, show that P is maximized when K = aB>p and L = 11 - a2B>q.
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