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9. A firm wants to minimise the cost of production for a given level of output. The production function is Q=2L+3K, and the firm's
9. A firm wants to minimise the cost of production for a given level of output. The production function is Q=2L+3K, and the firm's budget constraint is 4L+ 5K = 30. Find the combination of L and K that minimises the cost of production.
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Mylab Economics With Pearson Access Code For Principles Of Microeconomics
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
13th Edition
0135197147, 0135197104, 9780135197141, 9780135197103
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