10)Given the production function f (L K) = L2 / 3. K1 / 3, where L is the working hours and K is the capital. assuming that the capital price is r = 4 euros and the price per hour of work is w = 27...


10)Given the production function f (L K) = L2 / 3. K1 / 3,


where L is the working hours and K is the capital. assuming that the


capital price is r = 4 euros and the price per hour of work is w = 27 euros and that all the factors of production


are variable, what is the minimum cost of producing 10 units of product?


Choose one:



  1. A) 260e

  2. B) 230e

  3. C) 240e

  4. D) 250e

  5. E) 270e




Jun 11, 2022
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