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Cost minimizing combination

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Reference no: EM131089533

If output is produced according to Q = 5Lk (L is the quantity of labor and k is the quantity of capital), 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 4,000 units of output is

A.  L = 25 and k = 32.

B.  L = 30 and k = 26.67.

C.  L = 10 and k = 80.

D.  L = 20 and k = 40.

E.  L = 40 and k = 20.

Reference no: EM131089533

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