1. [4 points] Suppose that the production function is Q=10K+5L and that =5 and =10. The price of Labour is $3 and t he price of capital is $2.

1. Find the optimal input choice (L and K) if the firm wanted to produce 50 goods.
2. Draw the Isoquant for Q=10 and Q=20
3. Plot the expansion path on the diagram in b).
4. Find the input demand function of L and K. (without knowing prices of Q, I want the general case)