Suppose that a firm had a production function given by


Suppose that a firm had a production function given by: q=2L0.5K0.5. The rental rate for the firm is $10 and the wage is $5.

Solve the optimization condition for K and then fill in the value that appears in front of L.

K = x L

x=?

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Business Economics: Suppose that a firm had a production function given by
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