Question: Please answer as many as possible!!! Thanks so much. Use the following production function Q=1.25K 0.3 L 0.5 where the wage paid to labor L

Please answer as many as possible!!! Thanks so much.

Use the following production function Q=1.25K^0.3L^0.5where the wage paid to labor L is $15 and rental rate for capital K is $30. Assume you can only use 6 units of capital L. How much capital should you use?

1 1.8 2.4 3.6

Use the following production function Q=1.25K0.3L0.5 where the price of Q is $10, the wage paid to labor L is $15 and rental rate for capital K is $30. Assume you can only use 6 units of capital L. What output will the firm produce?

2 2.65 3 3.65

20 26.5 30 36.5

Yes. No No because the price might fall No because the prices of inputs might rise

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