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Consider the following constant elasticity of substitution function Q = 75 [0.3K04+ (1-0.3) L-0.41% Which is to be maximized subject to the constrain +K+

Consider the following constant elasticity of substitution function Q = 75 [0.3K04+ (1-0.3) L-0.41% Which is to be maximized subject to the constrain +K+ 3L = 120 Determine the optimal number of labour and capital to be employed. (14 Marks) What is the maximum output produced. (6 Marks)

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