Suppose that a firm has the following production function: q = 2L + K. The wage for a$10 per hour and the rental rate of capital is r =worker is w$10 per hour. In the shortrun the firm amount of capital is fixed at K = 20 units.If the firm's goal is to minimize their cost of producing 100 units, then in the short run they will hireunits of labor andin the long run they will hire units of labor. (Round answers to two decimals if necessary.)

The following problem of minimization of cost is solved as follows:

= 2L + K. The wage for a Suppose that a firm has the following production function: q worker is w = $10 per hour and the rental rate of capital is r = run the firm amount of capital is fixed at K $10 per hour. In the short 20 units. If the firm's goal is to minimize their cost of producing 100 units, then in the short run they will hire units of labor and in the long run they will hire units of labor. (Round answers to two decimals if necessary.)