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A firm uses two inputs to produce its output via Cobb - Douglas production function Q = K L where = 0 . 4 and

A firm uses two inputs to produce its output via Cobb-Douglas production function Q=KL where =0.4 and =0.6. Its currentlevel of inputs is K=40,L=120. The firm will introduce a new technology that will change the -exponent on its production function to =0.605 with no change to . Use differential calculus to estimate the input combination which will keep the total output the same, and the sum of the inputs the same. What's your conclusion? [Hint: Work with the system KL=c(or better lnK+lnL=lnc) and K+L=160](20 points)Please use handwriting no ai answer please
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