Acompetitive firm has the production function q flk


A competitive firm has the production function q = f(L,K) = sqrtL + 2sqrtK , for which MPL= 1/2sqrtL and MPK = 1/sqrtK .

a. Find the firm's conditional factor demands for L and K at the factor prices w = 4 and r = 2.

b. What is the firm's (total) cost curve at these factor prices?

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Business Economics: Acompetitive firm has the production function q flk
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