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Assess whether the following statements are true or false. Do not forget to motivate your answer....

Assess whether the following statements are true or false. Do not forget to motivate your answer.

A firm produces space ships using robots and humans as the only inputs. The production function is f(L,K)=L2+K2

where L represents human and K represents robot. The price of a human is w = 1 and the price of a robot is v = 1.

Claim: In the interest of minimizing its long run cost of production, the Örm should use an equal amount of humans and robots: L= K.

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