# Answer to Question #73356 in Microeconomics for Tayyaba

Question #73356

Find the equilibrium of L and K subject to a given output:

minimize cost: C=40K+20L subject to Q=60LK = 3000

minimize cost: C=40K+20L subject to Q=60LK = 3000

Expert's answer

C=40K+20L subject to Q=60LK = 3000

Q=60LK = 3000 , LK =50, then C = 40K + 20L = 40*5 + 20*10=400, L = 10, K=5

Q=60LK = 3000 , LK =50, then C = 40K + 20L = 40*5 + 20*10=400, L = 10, K=5

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