Question: A firm has production function given by Q = 4 min { 2 K , 3 L } . The rental rate of capital is

A firm has production function given by Q=4min{2K,3L}. The rental rate of capital is $50 and the wage rate is $15. What is the minimum cost of producing 600 units of output?
$4500
$6250
$3625
$9000
A firm has production function given by Q = 4 min

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