Question: Click to see additional instructions Consider the production function F(L, K) = (VL + vX) and suppose w = 4 and r = 1. (a)

 Click to see additional instructions Consider the production function F(L, K)

Click to see additional instructions Consider the production function F(L, K) = (VL + vX) and suppose w = 4 and r = 1. (a) The cost of producing @ = 1 is (b) The cost of producing @ = 2 is Further suppose that p = v2 and consider the problem of maximizing profit pF(L, K) - wL - rK. (c) Is (L, K) = (0, 0) a maximizer? (Enter 1 for yes and -1 for no.) (d) Is (L, K) = (1, 2) a maximizer? (Enter 1 for yes and -1 for no.) (Enter 1 for yes and -1 for no.) (e) Is (L, K) = (1,2v/2) a maximizer

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