Question: Let the production function be given by: q = 3 L 2 K , with rental rate v = $ 2 and wage rate w

Let the production function be given by: q=3L2K, with rental rate v=$2 and wage rate w=$1.
How much K and L are employed to produce 162 units of output?
Suppose that the firm wants to increase output to 750 units of output, now how much K and L are employed to produce with minimize cost?
Suppose that in the short run the amount of capital is fixed at K=12, what is the firm short run fixed cost?
Suppose that in the short run the amount of capital is fixed at K=12, what is the short run total cost of producing 900 units of output?
 Let the production function be given by: q=3L2K, with rental rate

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