The production function for a company is given by P = 20C2/3L1/3, where P is...
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The production function for a company is given by P = 20C2/3L1/3, where P is the monthly production value, C is the amount of the company's capital investment (in dollars per month), and L is the size of the labour force (in work hours per month). What is the companys production value when L = 1,728 hours and C = $27,000 per month?
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