1. w=10 r=25. The price of output is constant at $50. The production function is f(L K) = L^.5K^.5.If the current capital stock is fixed at 1600 units what is L* in the short run? How much profit will the firmearn?2. when Q = 10(LK)^0.5 w = 80 r = 20. what is (L* K*) to produce 800 units? an…
