21. (20 Points) The following questions pertain to improving input decisions. a. (10 Points) A firm employs two types of labor to provide services to
21. (20 Points) The following questions pertain to improving input decisions. a. (10 Points) A firm employs two types of labor to provide services to its customers. The production function is Q = a*L181*L282, where p1= _ and B2 = . With the information given, is there any indication that the firm should change the amounts of L1 and L2? If so, what changes should be made and why? Explain
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