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Solve the optimization condition for k

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Reference no: EM132149024

Suppose that a firm had a production function given by: q=2L0.5K0.5. The rental rate for the firm is $10 and the wage is $5.

Solve the optimization condition for K and then fill in the value that appears in front of L.

K = x L

x=?

Reference no: EM132149024

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