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Find the cost minimizing amount of K for a producer to use when faced with the following production function, production goal, wage, and rent: q

Find the cost minimizing amount of K for a producer to use when faced with the following production function, production goal, wage, and rent: q = L1K4; q = 500; w = $12; r = $50

Find the cost minimizing amount of L for a producer to use when faced with the following production function, production goal, wage, and rent: q = L2K3; q = 243; w = $20; r = $30

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