19 The Product Function For A Company Is Given By

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19. The product function for a company is given by f(x, y) 100×0.2 у0.7 , where x is the number of units of labor (at $48 per unit) and y is the number of units of capital (at $36 per unit). When the…

19. The product function for a company is given by f(x, y) 100×0.2 у0.7 , where x is the number of units of labor (at $48 per unit) and y is the number of units of capital (at $36 per unit). When the total cost of S100,000 is available for labor and capital, the maximum production level for this company is 147,314 units and the marginal productivity of money is .47314 a. Find the maximum number of units that can be produced when $120,000 is available for labor and capital. b. Find the maximum number of units that can be produced when $90,000 is available for labor and capital.

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