250 = 10K0.5L0.5

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 1.1CE
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Q.2  Determine the values of K and L which minimise the cost function C = 3K + 5L subject to the production constraint, 250 = 10K0.5L0.5.

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