(Answered) If the price of labour is 9 and the price of capital is 4

Management Studies

If the price of labour is $9 and the price of capital is $4, which production technique minimizes the costs of producing 1000 units of output?

A) Labour=22 Capital=46

B) Labour=36 Capital=34

C) Labour=52 Capital=20

D) Labour= 28 Capital=64

E) Any of the techniques have the same cost

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