You are asked to make recommendations for the design of a new production facility. What combination of labour and capital (L/K ratio) should the new plant employ in the long run in order to minimize its total cost of production (at any level of output q)? Hint: no longer assume that K is fixed at 5, since this is the long run.

question: https://secure.parsa.com/index.php/s/pmbssE3NyXw2AEK