If Output Is Produced According to Q = 4L

question 9

Multiple Choice

If output is produced according to Q = 4L + 6K, the price of K is $24, and the price of L is $20, then the cost-minimizing combination of K and L capable of producing 72 units of output is

• A) L = 9 and K = 6.
• B) L = 20 and K = 24.
• C) L = 18 and K = 12.
• D) L = 0 and K = 12.
• E) L = 18 and K = 0.

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Definitions:

Minimize Mistakes

The process or effort to reduce the number or severity of errors in a particular activity or process.

Romantic Ideals

Elevated and often unrealistic expectations about romantic relationships, emphasizing passion, commitment, and emotional intimacy.

High Self-Esteem

A positive evaluation of oneself and one's abilities, often reflecting confidence and satisfaction in various aspects of life.

Less Qualified

Having fewer credentials, experience, or skills compared to others in a specific context or for a particular job.