Question: Suppose that Hannah and Sam have the production function Q = F(L, K) Q = 1010.5 0.5 The wage rate is $1,000 per week and

Suppose that Hannah and Sam have the production function Q = F(L, K) Q = 1010.5 0.5 The wage rate is $1,000 per week and a unit of capital costs $4,000 per week. a. True or false? If we plot L along the horizontal axis and K along the vertical axis, then Hannah and Sam's output expansion path is a straight line that passes through the origin and has a slope of 0.25. (Click to select) v ces b. What is their cost function? Choose from the options below. A : 400Q B : 200Q2 C : 2, 000Q0.5 D : 2000 + 400Q2 (Click to select) v

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