# Question

A firm with the production function

Q (K, L) = 2L√KL

is currently utilizing 8 units of labor and 2 units of capital. If this is the optimal input mix, and if total costs are equal to 16, what are the prices of capital and labor?

Q (K, L) = 2L√KL

is currently utilizing 8 units of labor and 2 units of capital. If this is the optimal input mix, and if total costs are equal to 16, what are the prices of capital and labor?

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