Business, 26.12.2019 19:31 jazminecrosby
The production function for a product is given by qequals100kl. its marginal product functions are mp subscript upper lequals100k and mp subscript upper kequals100l. if the price of capital, r, is $120 per day and the price of labor, w, is $30 per day, what is the minimum cost of producing 10 comma 000 units of output? the minimum cost of producing 10 comma 000 units of output is $ 1,200.00. (round all intermediate results to 3 decimal places and enter your response rounded to two decimal places.)
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