The answer is 2 but i dont see how.
Can I get some explanations?
7. The Wilson Corporation produces output according to Q = 4(KL)”2, where K isthe amount of capital used and L is the amount of labor employed. If capitalcosis $2 per unit and labor costs $8 per unit, Wilson’s minimized long-runaverage total cost is a) $2.h) $2Q.:1 $10.d) $10Q.a] $22. “1’71”?“1′}
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