Output is produced according to Q = 4L + 6K,where L is the quantity of labor input and K is the quantity of capital input.If the price of K is $12 and the price of L is $6,then the cost-minimizing combination of K and L capable of producing 60 units of output is:
A) L = 5 and K = 6.66.
B) L = 7.5 and K = 5.
C) L = 6 and K = 6.
D) L = 0 and K = 10.
E) L = 15 and K = 0.
Correct Answer:
Verified
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