Question: A company produces a product using two inputs: labor ( L ) and capital ( K ) . The price of labor ( wage rate

A company produces a product using two inputs: labor (L) and capital (K). The price of labor (wage rate) is $5 per hour, and the price of capital (rental rate) is $10 per unit. The company's production function is given by Q=ln(L0.8K0.4), where Q is the quantity of output.
The company aims to produce 50 units of the product. Determine the cost-minimizing combination of labor and capital the company should use. Detail your answer. Do not even think of using chatGPT.
 A company produces a product using two inputs: labor (L) and

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