If Output Is Produced According to Q =4L +6K, the Price

question 66

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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