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managerial managerial Q3. The Cobb-Douglas function for a new product is given by: N (L, K) = 1.19L0.72K0.18 Where 0* =3 750, w = R5

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Q3. The Cobb-Douglas function for a new product is given by: N (L, K) = 1.19L0.72K0.18 Where 0* =3 750, w = R5 30, r = $5, 40 Determine the amount of Wand capital that the rm should use in order to maximize output. What is this level of output? Also interpret the value of W multiplier, A

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