(Answered) If a firms output is produced according to q 4lk the price

Management Studies

If a firm's output is produced according to Q = 4LK, the price of K is $10, and the price of L is $40, what is the cost-minimising combination of K and L capable of producing 64 units of output? The cost-minimising quantity of K is? The cost-minimising quantity of Lis?

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Business Management, Management Studies

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