A firm with the production function qkl2


4. A firm with the production function
Q(K,L)=2 (K^(1/2))(L^(1/2))
is currently utilizing 8 units of labor and 2 units of capital. If this is the optimal input
mix, and if total costs are equal to 16, what are the prices of capital and labor?

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Microeconomics: A firm with the production function qkl2
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