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Q4) the working out for this question 4. If output is produced according to Q = 4L + 6K, the price of K is $12,

Q4) the working out for this question

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4. If output is produced according to Q = 4L + 6K, the price of K is $12, and the price of L is $20, then the cost-minimizing combination of K and L capable of producing 96 units of output is a. L = 20 and K = 12. b . L =0 and K = 16. C. L = 24 and K = 16. d. L = 12 and K = 8. e. L = 24 and K = 0. APR 28 S tv 4 X

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