10. A firm produces output according to the production function Q
F(K,L)

2K  4L.

a. How much output is produced when K
2 and L
3?

b. If the wage rate is $30 per hour and the rental rate on capital is $10 per hour, what is the cost-minimizing input mix for producing 16 units of output?

c. How does your answer to part b change if the wage rate decreases to $10 per hour but the rental rate on capital remains at $10 per hour?

11. In an effort to stop the migration of many of the automobile manufacturing