This question about Managerial Economics.
Suppose that the hourly production of hamburgers depends on the number of grills and workers hired each hour according to the Cobb Douglas production function:
q = 10K1/2 L1/2
Grills and workers can each be rented for $4 per hour
By using cost minimizing principle, please find the optimal number of hamburgers that can be produced within an hour.
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