If output is produced according to Q = 4L + 6K, the price of K is $24, and the price of L is $20, then the cost-minimizing combination of K and L capable of producing 72 units of output is
A) L = 9 and K = 6.
B) L = 20 and K = 24.
C) L = 18 and K = 12.
D) L = 0 and K = 12.
E) L = 18 and K = 0.

Question

Quizplus · Accepted Answer

The Answer of If output is produced according to Q = 4L + 6K, the price of K is $24, and the price of L is $20, then the cost-minimizing combination of K and L capable of producing 72 units of output is
A) L = 9 and K = 6.
B) L = 20 and K = 24.
C) L = 18 and K = 12.
D) L = 0 and K = 12.
E) L = 18 and K = 0.

If Output Is Produced According to Q = 4L