Multiple Choice
Output is produced according to Q = 4LK,where L is the quantity of labor input and K is the quantity of capital input.If the price of K is $10 and the price of L is $5,then the cost-minimizing combination of K and L capable of producing 32 units of output is:
A) L = 8 and K = 1.
B) L = 4 and K = 2.
C) L = 2 and K = 2.
D) L = 2 and K = 4.
E) L = 1 and K = 8.
Correct Answer:

Verified
Correct Answer:
Verified
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