Question: Suppose that a production function is Q =K^0.2*L^0.8where Q is quantity, K is Capital, and L is labor. Let the wage rate w=2 and the

Suppose that a production function is Q =K^0.2*L^0.8where Q is quantity, K is Capital, and L is labor. Let the wage rate w=2 and the unit cost of capital is r=4. The firm can spend C=100, where C=wL+rK. Find the firm's optimal utilization of K and L.

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