Question 12 of 70 > HR MIN SEC Submit All Suppose the firm's production function is Q = Ki Li , where the MPK = L and MPL = 2Ki 3Ki 3Li If the rental rate of capital R is $35 and the wage rate W is $70, how many units of labor and capital should the firm use to produce 12 units of output? O L = 24; K = 24 OL = 18; K =9 O L = 12; K = 12 OL=9; K = 18 MacBook Air 44 700 20 9 % 8 $ BBo @ 3 NO R W H M SQuestion 18 of 70 inverse supply equation? In the market for good X, demand is Q" = 6,000 - 0.8P and supply is @ = 0.4P - 300. Which of the following is the O P =7,500 + 1.250 O P = 6,000 + 0.80 O P = 750 + 2.50 O P = 300 + 0.40 MacBook Air 44 20 828 D.- 8 5 w H G S B C X OH