Question: A firm has the production function Q = 20K0'2L0'8, where Q measures output, K represents machine hours, and L measures labor hours. If rental rate

A firm has the production function Q = 20K0'2L0'8, where Q measures output, K represents machine hours, and L measures labor hours. If rental rate of capital is R=$15, the wage rate is W=$10, and the firm wants to produce 40,000 units of output, what is the cost minimizing bundle of capital and labor

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