The output, Q, of a car factory, may be modeled by a Cobb-Douglas production function, Q = AKm Ln, which is known to display constant returns to scale. The output is 800 when K = 1 and L = 1, and the output is 3658 when K = 10 and L = 3. Find the values of A, m, and n. Round your answers to two decimal places if necessary. A = m= and n=

The output, Q, of a car factory, may be modeled by a Cobb-Douglas production function, Q = AKm Ln, which is known to display constant returns to scale. The output is 800 when K = 1 and L = 1, and the output is 3658 when K = 10 and L = 3. Find the values of A, m, and n. Round your answers to two decimal places if necessary. A = m= and n=

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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