Question: Suppose that the production function for Hannah and Sam have the same production function as in Worked-Out Problem 8.2: The wage rate is $1,000 per

Suppose that the production function for Hannah and Sam have the same production function as in Worked-Out Problem 8.2:

The wage rate is $1,000 per week and a unit of capital costs $250 per week.
What is their least-cost input combination if they need to remodel 200 square feet each week? What is their total cost?

C-100.5K0.5

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