Question: A firm's production function is given by Q = KL. The marginal products of labour and capital are MP.. = K and MPx =L, respectively.

A firm's production function is given by Q = KL. The

A firm's production function is given by Q = KL. The marginal products of labour and capital are MP.. = K and MPx =L, respectively. The wage rate of labour is w = $10 and the rental rate of capital is r = $20. The firm wants to produce 1,800 units of output. What is the most cost efficient combination of labour and capital (K,L)

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