Question: what is the correct answer? Assume there is a linear isoquant where the input combination K = 10, L =0 produces Q = 100. Assume

what is the correct answer?

Assume there is a linear isoquant where the input combination K = 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 PL = $1 and PK = $1. What is the smallest total cost necessary to produce Q = 100? $20 $10 $50 $100

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