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Use the tangency rule to determine the cost-minimizing bundles of labor and capital for a general Cobb-Douglas production function, q = AL akb and for

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Use the tangency rule to determine the cost-minimizing bundles of labor and capital for a general Cobb-Douglas production function, q = AL akb and for the specific beer production function, q = 1.516L 0.610.4 where w = $24 and r = $32. Determine the tangency condition for the general Cobb-Douglas production function. At the cost-minimizing bundle as a function of L, a, b, w, and r, K=. (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a fraction can be created with the / character.)

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