Question: The production function is \(Q=2{{K}^{1/2}}{{L}^{1/2}}\). The company has spent $10,000 on 4 units of capital equipment which it owns. If workers at the firm are paid a competitive wage at $100 and chairs can be sold for 200.00 each (the firm makes office equipment) what is your profit-maximizing level of output and labor usage. What is your maximum profit?