confused about this question NAME(S): & QUESTION 2. The QB Company builds McMansions (Q) in the Lower Mainland. It combines capital (K) and labour (L) in its production function in

confused about this question NAME(S):
&
QUESTION 2.
The QB Company builds McMansions (Q) in the Lower Mainland. It combines capital (K) and labour (L) in its
production function in the following way:
Q(K,L) = K131 13
Labour cost: w = $10
Capital rental cost: v = $160
2A.
QB wants to build 9 McMansions. is its cost-minimizing choice of Capital and Labour? ( is
the objective function? is the constraint?)
2B.
Write out QB’s cost equation. How much does it cost QB to build the 9 mansions?
2C.
Illustrate this optimum McMansion production choice in an isoquant diagram. Label everything.

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