Question: If the production function is q = min{L, K/3} and the price of L is $3 per unit (w=3), and the price of K is

If the production function is q = min{L, K/3} and the price of L is $3 per unit (w=3), and the price of K is $1 (r=1), Then the cost function is given by:

Group of answer choices

c(w,r,q)= 5q

c(w,r,q)= q

None of the above

c(w,r,q)= q(w+r)2

c(w,r,q)= 6q

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