Answer
$94.2 million dollars
This value shows that value of the production is 94.22 million dollars when 120,000 hours of
labor are completed yearly, and 20 million dollars are invested.
Work Step by Step
Find P(120,20) by plugging in L = 120 and K = 20:
$P\left(120,20\right)=1.47\left(120\right)^{0.65}20^{0.35}\approx94.2$
