A firm faces the following production function: Q=4K+L

a) Derive the company's cost function if p(k)=10 and p(i)=2. Which number would you write in place of A?

C(Q)=AQ

A=?

b) What is the cost function if the price of labor p(i) increases to 3?

C(Q)=BQ

B=?

c) At what prices does not the firm produce any output if p(k)=10 and p(i)=3?

P

C=?

A firm faces the following production function: Q = 4K + L. a) Derive the company's cost function if PR = 10 and p = 2. Which number would you write in place of A? C(Q) = AQ A= b) What is the cost function if the price of labor (p/) increases to 3? C(Q) = BQ B = c) At what prices does not the firm produce any output if Pk = 10 and p/ = 3? P