Need help with economics question.

A firm has a production function represented by: q=L^(.75)K^(.25)

Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor,w, and the price capital,r.

Suppose w=15 and r=5. What amounts of labor and capital should the firm choose in order to produce 100 units of this good in the least expensive manner?

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.