Suppose a firm with a production function given by Q = 4K0.25L0.75 produces 100 units of output. The firm pays a wage of $30 per units and pays a rental rate of capital of $10 per unit.
(Note: 
)
The minimum cost of producing 100 units of output is:
Definitions:
Equivalent Ratio
Ratios that express the same relationship between numbers, despite being scaled differently.
Smallest Term
The minimum value or term in a set, sequence, or collection of numbers or values.
Ratio
A link between two digits signifying the frequency with which the first digit embodies the second.
Equivalent Ratio
A proportion that demonstrates the equality between two ratios or fractions.
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