T production function for a product is given by q 10kl , Business Economics

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T production function for a product is given by q 10kl

The production function for a product is given by Q = 10KL , where K is the quantity of capital and L is the quantity of labour. If the price of capital input is $120 per day and the price of labour is $30 per day, what is the minimum cost of producing 1000 units of output?

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Business Economics: T production function for a product is given by q 10kl

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Business Economics: T production function for a product is given by q 10kl

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