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1. Consider the following information: Q = 43 L + 4 K PL=13, PK=30, P=73 and...

1. Consider the following information:

Q = 43 L + 4 K PL=13, PK=30, P=73 and C =5,148

What is the amount of maximized profits?

2. Consider the following information:

Q = 16 L + 53 K PL=49, PK=24, P=17 and C=2,335

What is the profit maximizing level of output?

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