Question: Can someone please help me how to solve this problem? Step by step Suppose a firm has a production function given by Q = L1/2K1/2.

Can someone please help me how to solve this problem? Step by step

Suppose a firm has a production function given by Q = L1/2K1/2. Therefore, MPL = K 2 and MPK = LZ 1 21 2 2K 2 The firm can purchase labor, L, at a price w = 10 and capital, K, at a price of r = 90. a. If the firm wants to produce 24 units of output (Q=24), how much labor and capital should the firm hire in order to minimize the cost of production? b. What is the firm's Total Cost function, TC(Q)? c. What is the firm's marginal cost of production

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