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Suppose that the production function for Hannah and Sam's home remodeling business is Q = FL, K) Q = 10/0.3*0.2 Assume the wage rate is

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Suppose that the production function for Hannah and Sam's home remodeling business is Q = FL, K) Q = 10/0.3*0.2 Assume the wage rate is $6,000 per week and the cost of renting a unit of capital is $8,000 per week. a. What is the least-cost input combination for remodeling 200 square feet each week? Instructions: Round your answers to 2 decimal places. units of labor and units of capital. es b. What is the total cost? Instructions: Round your answer to 2 decimal places. $

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