What is the cheapest way of producing 850 units of output if a firm operates with the production function 0.5 0.5 Q = 30K L and can buy input K at 75 $ per unit and L at 40 $ per unit?

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter10: Cost Functions
Section: Chapter Questions
Problem 10.7P
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What is the cheapest way of producing 850 units of output if a firm operates with the
production function 0.5 0.5 Q = 30K L and can buy input K at 75 $ per unit and L at 40 $
per unit?

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