Figure out the cheapest way to produce toys

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Reference no: EM13157258

A company is trying to figure out the cheapest way to produce 36 toys. The companyâ€^TMs technology is given by:

Q=2Ã-LÃ-K;

Where:

Q: Number of toys produced;

L: The amount of labor used; and

K: The amount of capital used.

Assume further that the cost of one unit of labor is $3 and the cost of one unit of capital is $6.

Which combination of labor and capital would you recommend?

Reference no: EM13157258

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