The Wilson Corporation Produces Output According to Q = 4(KL)^1/2,where

question 9

Multiple Choice

The Wilson Corporation produces output according to Q = 4(KL) ^1/2,where K is the amount of capital used and L is the amount of labor employed.If capital costs $2 per unit and labor costs $8 per unit,Wilson's minimized long-run average total cost is:

• A) $2.
• B) $2Q.
• C) $10.
• D) $10Q.
• E) $22.

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