The Wilson Corporation produces output according to Q = 4(KL)^1/2 where K is the amount of capital used and L is the amount of labor employed.
The Wilson Corporation produces output according to Q = 4(KL)^1/2 where K is
the amount of capital used and L is the amount of labor employed. If capital
costs $2 per unit and labor costs $8 per unit, Wilson’s minimized long run
average total cost is
a)
$2.
b)
$2Q.
c)
$10.
d)
$10Q.
e)
$22
Can I get the answer and explanations?
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