Suppose a production function is given by f(k, l) = kl2 ; the price of capital is $10 and the price of labor is $15. what combination of labor and capital minimizes the cost of producing any output? to produce a given level of output q, how many units of l and k are needed? express the optimal inputs choices l(q) and k(q) as functions of the level of output q.

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?