Amanufacturer has modeled its yearly production function p (the monetary value of its entire production in millions of dollars) as a cobb-douglas function p(l, k) = 1.47l0.65k0.35 where l is the number of labor hours (in thousands) and k is the invested capital (in millions of dollars). find p(110, 40) and interpret it. (round your answers to one decimal place.)

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?