Question: George produces computer software ( user friendly ) . His firm's production function is ( mathrm { Q } = 1 mathrm

George produces computer software (user friendly). His firm's production function is \(\mathrm{Q}=1\mathrm{~K}+2\mathrm{~L}\), where Q is the programs, K is capital employed, and L is the labour used.
If George faces factor prices of \(\mathrm{Pk}=7\) and \(\mathrm{PI}=7\), the cheapest way to produce \(\mathrm{Q}=30\) is:
Part 1: By using how many units of capital?
Part 2: By using how many units of labour?
If George faces factor prices of \(\mathrm{Pk}=5\) and \(\mathrm{Pl}=15\), the cheapest way to produce \(\mathrm{Q}=30\) is
Part 3: By using how many units of capital?
Part 4: By using how many units of labour?
George produces computer software ( user friendly

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