Question: Suppose the production function is given by Q = 2K + L. If w = $4 and r = $4. How many units of K

Suppose the production function is given by Q = 2K + L. If w = $4 and r = $4. How many units of K and L will be utilized in the production process

Multiple Choice

  • all L and no K
  • all K and no L
  • a combination of K and L not represented above
  • equal amounts of K and L

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