Question: (Q1 - 20pts) Suppose a firm has the production function Q = 4LK. Also, the input prices are W = 1 and R = 4,

(Q1 - 20pts) Suppose a firm has the production function Q = 4LK. Also, the input prices are W = 1 and R = 4, respectively. As a function of output level (Q), find the cost- minimizing amount of: (A - 7pts) Labor (L); (B-7pts) Capital (K); and, (C- 6pts) Total Cost (C). The answer for each part will depend on output (Q); that is, Q is a variable and not a specific number. Assume an interior solution with tangency condition holding

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