Business, 31.03.2020 01:34 Jc8777

G a firm produces according to the production function q=K.8 L.2, where q denotes units of output and k units of capital and L units of labor. The price of capital is $24 per unit, and the price of labor is $12 per unit. What is the optimal capital/labor ratio?

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G a firm produces according to the production function q=K.8 L.2, where q denotes units of output an...