Question: 9. A manufacturing firm's production function is Q(L,K) = KL + K. Suppose that the price of capital services is equal to $10, and the

9. A manufacturing firm's production function is Q(L,K) = KL +

9. A manufacturing firm's production function is Q(L,K) = KL + K. Suppose that the price of capital services is equal to $10, and the price of labor services is equal to $50. If the firm wants to produce 20 units of output at the lowest possible cost, how much does it spend? a. $50 b. $150 C. $200 $250

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