Question: the output at a certain factory is qkl900k14l34units where kk...
The output at a certain factory is Q(K,L)=900K^1/4*L^3/4units, where KK is the capital investment measured in units of $1000 and LL the size of the labor force measured in worker-hours.
(a) Compute the output if the capital investment is $150000 and
the size of the labor force is 1114 worker-hours.
(b) By what factor will output change if both the level of
capital investment and the size of the labor force are cut in