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The Cobb - Douglas production function is a classic model from economics used to model output as a function of capital and labor. It has

The Cobb-Douglas production function is a classic model from economics used to model output as a function of capital and labor. It has the form
f(L,C)=c0Lc?cCc?c
where c0,c1, and c2 are constants. The variable L represents the units of input of labor and the variable C represents the units of input of capital.
between capital and labor in order to maximize output.
Max
s.t.
80,000
L,C0
described in Appendix 8.1.(Round your answers to the nearest integer when necessary.)
$,?at(L,C)=(,)
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