Sppose a firm with a production function given by q


Suppose a firm with a production function given by Q = 30K^0.5L^0.5 produces 3,000 units of output. The firm pays a wage of $40 per unit and pays a rental rate of capital of $640 per unit. How many units of labor and capital should the firm employ to minimize the cost of producing 3,000 units of output?

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Business Economics: Sppose a firm with a production function given by q
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