Question: Assume there is a linear isoquant where the input combinationK = 10, L = 0 produces Q = 100. Assume that this isoquant has a

Assume there is a linear isoquant where the input combinationK = 10, L = 0 produces Q = 100. Assume that this isoquant has a MRTS (marginal rate of technical substitution) such that an increase in L by 1 unit requires the firm to give up - unit of K. Assume P_L= $1 and PK = $1.

What is the smallest total cost necessary to produce Q = 100?

a. $20

b. $10

c. $50

d. $100

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