Hewlett Packard uses two inputs, labor (L) and capital (K), to produce computers; labor costs w per hour and capital is rented at r per hour. HP just won a contract to supply Q units of computers to EWU and HP’s production function is F(K, L) = 3L 3 4 K 1 4 . (a) Set up the cost minimization problem and derive input demand functions for labor and capital, L c (w, r, Q) and Kc (w, r, Q).

Me max recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a) the median of max’s data is 250 b) more than half of the data points max recorded were 177 centimeters. c) a data point chosen at random is as likely to be above the mean as it is to be below the mean. d) every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.