Order the answer to: Suppose that a firm has the following production function: Q

Best Writers business-economics Order the answer to: Suppose that a firm has the following production function: Q

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Order the answer to: Suppose that a firm has the following production function: Q

Question Suppose that a firm has the following production function: Q (K, L) = 2L ?K. a. If the price of labor is 2 and the price of capital is 4, what is the optimal ratio of capital to labor? b. For an output level of Q = 1000, how much of each input will be used?
Subject business-economics
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