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Question Description

I’m working on a Economics writing question and need guidance to help me learn.

A firm produces gizmos according to the production function Q = 10KL, where q is the quantity of gismos produced, K is the quantity of capital rented and L is the quantity of labour hired. The manager has been given a production target: Produce 8000 gizmos per day. He is informed that the daily rental price of capital is 400$ per unit and the wage rate is 200$ per day