Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 1.1CE
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Question
Transcribed Image Text:Determine the combination
producing Q = 1000.
Q(K, L)
of input factors K, L that minimizes the cost of
100KL, r = 100, w = 20
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