(a) What are the optimum number of workers and the optimum number of units of capital?

Enter the exact answers.

W=

K=-

(b) Recompute the optimum values of W and K when the budget is increased by $1. Give the value of . Round your answers for W and K to three decimal places and your answer for to two decimal places. W=

K=

=

The quantity, q, of a product manufactured depends on the number of workers, W, and the amount of capital invested, K, and is given by the Cobb-Douglas function q= 6w K. In addition, labor costs are $16 per worker and capital costs are $32 per unit and the budget is $4800