Tell us your strategy to maximize output given limited labor and capital constraints? What are the similarities and differences between output maximization and cost minimization, which one to use in what situations in practice when you are the producer?

illustrate how will you practice these concepts on a specific case that you can find. Requirement: Please provide: details of the reasons you choose a topic or concept; details of any case (personal experiences, news, articles, reports, research papers,etc.) you choose; and how the theory of decision making is reflected in this case;