Q = K^1/2L^1/2
w = $2,r = $2
The firm would like to know the maximum output that can be produced for $8,000.Find the combination of inputs that maximizes output for a cost of $8,000,the amount of output that can be produced,and identify the expansion path.

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The Answer of Q = K^1/2L^1/2 w = $2,r = $2 The firm would like to know the maximum output that can be produced for $8,000.Find the combination of inputs that maximizes output for a cost of $8,000,the amount of output that can be produced,and identify the expansion path.

Q = K1/2L1/2 W = $2,r = $2

Q = K^1/2L^1/2 W = $2,r = $2