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The production function has the following form q= K + 2L where q is output, K is capital input and L is labor input. If
The production function has the following form q= K + 2L where q is output, Kis capital input and Lis labor input. If the prices of inputs are w=5 and v=2 what is the cost minimizing (or efficient) combination of inputs to produce 6 units of output?
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