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Refer to the Following

Question 13

Multiple Choice

Refer to the following:
The price of capital (r) is $20.
Refer to the following: The price of capital (r) is $20. -What combination of K and L should the firm choose to produce 14,000 units of output at the lowest cost? A) 180K, 120L B) 180K, 0L C) 60K, 120L D) 90K, 60L E) none of the above
-What combination of K and L should the firm choose to produce 14,000 units of output at the lowest cost?


A) 180K, 120L
B) 180K, 0L
C) 60K, 120L
D) 90K, 60L
E) none of the above

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