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Output is produced according to Q=4LK, whre L is the quanitty of labor input nad K is the quanitty of capital input. if the price
Output is produced according to Q=4LK, whre L is the quanitty of labor input nad K is the quanitty of capital input. if the price of k is $10 & the price of L is $5, then the cost-minimizing combo of K & L capable of producing 32 unites of output is?
I am struggling with how to set the problem up, production theory?
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