Question: A firm produces a good using two inputs, capital (K) and labour (L). For every unit of output being produced, the ratio of capital to

A firm produces a good using two inputs, capital (K) and labour (L). For every unit of output being produced, the ratio of capital to labour must be, whereis a positive parameter. Meanwhile, the total cost of production must equal $1,000. If the rental rate of capital is $20 per unit of capital, and the hourly wage is $10 per unit of labour, how much capital does the firm use for it production?

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