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Suppose that a firm has the following production function: (, ) = 2**sqrt(). If the price of labour is 2 and the price of capital

  1. Suppose that a firm has the following production function: (, ) = 2**sqrt().
  2. If the price of labour is 2 and the price of capital is 4, what is the optimal ratio of capital to labour?
  3. For an output level of = 1000, how much of each input will be used?

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