Suppose the production function is q = 12 L⁰.²⁵ K⁰.⁷⁵.Determine the long-run capital-to-labor ratio (K/L)if the cost a unit of capital (r)is three times the cost of a unit of labor (w).

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The Answer of Suppose the production function is q = 12 L⁰.²⁵ K⁰.⁷⁵.Determine the long-run capital-to-labor ratio (K/L)if the cost a unit of capital (r)is three times the cost of a unit of labor (w).

Suppose the Production Function Is Q = 12 L⁰