If q=KL and Price of capital is 4 and the price of labor is 2 then to produce 200 units of output the firm should have L= ........ and K=........ Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a: (20,10) b: (10,20) c: (10,10) d: (10,5) e: none of the above.

If q=KL and Price of capital is 4 and the price of labor is 2 then to produce 200 units of output the firm should have L= ........ and K=........ Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a: (20,10) b: (10,20) c: (10,10) d: (10,5) e: none of the above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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