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

Management Studies

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

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92020686
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

With regards to data mining business analytics why is it

With regards to data mining/ business analytics, Why is it not ideal to evaluate a classifier's performance on the training data set?

Assess the organizational dimensions that must be

Assess the organizational dimensions that must be considered when selecting organizational structures.

Why does honeywell spend so much time dealing with

Why does Honeywell spend so much time dealing with supply-chain management issues? Wouldn't the company be better off focusing on its own manufacturing operations? Explain your answer.

Using the five forces model explain the prospects for

Using the Five Forces model, explain the prospects for profitability of the Commercial Aircraft Industry. (The closing case in Chapter 2 will give you some ideas; but, you will have to think further than that.) Charles W ...

Puneet is a member of a student project team in her

Puneet is a member of a student project team in her Organizational Behavior class. In order to assess the extent to which her team is cohesive, she should ask which of these questions?

In a society where relationships are lineal and people are

In a society where relationships are lineal, and people are believed to be either good or bad, what kind of leadership style would you expect to find?

Low cost leader strategywhat are some of the risks

Low Cost Leader Strategy: What are some of the risks associated with a low cost leadership strategy? Provide one original example of a company that you believe employs this strategy and why?

Would it help if a non-profit that aims to help the less

Would it help if a non-profit that aims to help the less fortunate lobbied with the United Nations and other international organizations to make the governments in some of the countries to spend a certain percentage of t ...

In the book contagious the author indicates that throwing

In the book "Contagious" the author indicates that throwing advertising money at a product does not necessarily mean we buy. Consider the "eat more vegetables" campaign, it did not work. WHAT did it lack? Do you agree? E ...

Would you say that the erg theory is more or less rigid

Would you say that the ERG theory is more or less rigid than Maslow's Hierarchy of Needs and why?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert