Question: The production function for a competitive firm is Q = 2K.5L.5. The firm sells its output at a price of $10, and can hire labor

The production function for a competitive firm is Q = 2K.5L.5. The firm sells its output at a price of $10, and can hire labor at a wage of $5. Capital is fixed at one unit and costs $2. The maximum profits are: Select one: O a. 20 O b. 3 O c. 10 O d. 15 O e. 18

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