QUESTION 7 A profit maximizing firm produces output using capital, K, and labour, L, in the following production technology: Y = K^0.5*L^0.5 The cost function of the firm is: C = w*L + r*K where r=0.6. What is the capital-labour ratio of the firm? (State your answer to 2 decimal places.)

A: We have to simplify the given expression.

A: We have given a graph which represent the derivative f' of some function f. we have to draw the…

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A: The given function is y=3x+52x+1. What is the type of the given function.

A: Given that: 57-24

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