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Suppose that production for good X is characterized by the following production function, Q = K3/4L1/4. If the per-unit rental rate of capital, r, is

Suppose that production for good X is characterized by the following production function, Q =

K3/4L1/4. If the per-unit rental rate of capital, r, is $30 and the per-unit wage, w, is $15, what is

the cost minimizing input mix of producing 10 units? What will the total cost be?

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