A firm has the production function X = LK (X = output, L = labour, K = capital); labour and  capital prices are Ksh. 8 and Ksh. 10 per unit; and it desires to produce 32 units of output.  What is the least cost combination of labour and capital? Consider the production function,  Q = 86 L0.61 K 0.39

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter10: Cost Functions
Section: Chapter Questions
Problem 10.6P
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. A firm has the production function X = LK (X = output, L = labour, K = capital); labour and 
capital prices are Ksh. 8 and Ksh. 10 per unit; and it desires to produce 32 units of output. 
What is the least cost combination of labour and capital? Consider the production function, 
Q = 86 L0.61 K
0.39 

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