3 A firm produces output according to the production function: Q = F(K,L) = 4K + 8L a How much outpu

/in /by

3 A firm produces output according to the production function:
Q = F(K,L) = 4K + 8L
a How much output is produced when K = 2 and L = 3? 

b If the wage rate is $60 per hour and the rental rate on capital is $20 per hour, what is the cost-
minimizing input mix for producing 32 units of output?  Capital:
Labor: 

c If the wage rate decreases to $20 per hour but the rental rate on capital remains at $20 per
hour, what is the cost-minimizing input mix for producing 32 units of output? 

Capital:
Labor:

How does A come out to be 8? Also, I do not fully understand how you get capital and labor for B and C