The Wilson Corporation produces output according to Q = 4(KL)^1/2 where K is the amThe Wilson Corporation produces output according to Q = 4(KL)^1/2 where K is the amount of capital used and L is the amount of labor employed.ount of capital used and L is the amount of labor employed.

The Wilson Corporation produces output according to Q = 4(KL)^1/2 where K is

the amount of capital used and L is the amount of labor employed. If capital

costs $2 per unit and labor costs $8 per unit, Wilson’s minimized long run

average total cost is

a)

$2.

b)

$2Q.

c)

$10.

d)

$10Q.

e)

$22

Can I get the answer and explanations?

 
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