Pls help me to sole micro problem.Production function is Y=K^0.5L^0.5 and w=$1 (wage) and r=$2 (rent) P=$5

I need to find the long term optimum amount for K and L. Also long term optimun output and a cost function.
Thank you.

Similar Questions

2. (i) The production function for a firm is given byQ = LK where Q denotes output; Land K labor and capital inputs. Wage rate
1. 1 answer
A man get a weekly wage of #x, his rent per week is #8000. After paying his rent, he is left with less than #20,000Find the rang
1. 1 answer
2 questions that im stuck on!!!1. Suppose a firm has a production function Q = 3(squareroot)N, where N is labour. Suppose the
1. 0 answers
Read each question and choose the best answer.Which advantage of a sole proprietorship could also be a disadvantage? A. A sole
1. 1 answer