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what is the labor unit? Consider the following production function: 9= 100L 0.810.4 Currently the wage rate (w) is $40.00 and the price of capital

what is the labor unit?

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Consider the following production function: 9= 100L 0.810.4 Currently the wage rate (w) is $40.00 and the price of capital (r) is $10.00 If the firm is using 200 units of capital in production, how much labor should be employed to minimize costs? Labor input = units. (Enter a numeric response using a real number rounded to two decimal places.)

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