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Economists calculated that ABC company's productivity function in 2000 was: 150K0.4L0.6 . Also, average price per unit (mostly books) = $22, wage per day =

Economists calculated that ABC company's productivity function in 2000 was: 150K0.4L0.6 . Also, average price per unit (mostly books) = $22, wage per day = $112, and at that time, ABC company had one distribution center (K) at $20,000 (including renting rate, inventory costs, etc.)

Find: optimal number of workers, optimal quantity produced, profits

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