Suppose that a firm's production function is 2 1 2 1 q =10L K . The cost
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Question:
Suppose that a firm's production function is 2 1 2 1 q =10L K . The cost of a unit of labour is 20 and the cost of a unit of capital is 80. Find the optimal level of capital and labour required to produce the 140 units of output.
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