Suppose for a Particular Production Function, the Cost-Minimizing Levels of Labor

question 56

Multiple Choice

Suppose for a particular production function, the cost-minimizing levels of labor and capital are $L = \frac { Q } { 10 } \sqrt { \frac { r } { w } } \quad K = \frac { Q } { 10 } \sqrt { \frac { w } { r } }$ If $r = 5$ and $w = 20$ , what is the equation for long-run total cost?

• A) \(2 Q / 5\)
• B) \(2 Q / 10\)
• C) \(2 Q\)
• D) \(4 Q\)

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