Suppose that a firms out put is given by: q = αLK2 Where α is a productivity factor. i. Specify the marginal products of labour and capital. ii. If the cost function is C = wL + rK. Specify the quanitites of capital and Labour that minimize costs?

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Suppose that a firms out put is given by: q = αLK2 Where α is a
productivity factor.

i. Specify the marginal products of labour and capital.

ii. If the cost function is C = wL + rK. Specify the quanitites of
capital and Labour that minimize costs?

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