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https://www.chegg.com/homework-help/questions-and-answers/suppose-firm-s-production-function-q-10lk-q-annual-production-measured-pounds-k-machine-ho-q79390564
Suppose that a firm’s production function is: Q= 10LK. Where: Q is annual production measured in pounds; K is machine hours (capital) per year; L is man-hours (labor) per year. The cost of a unit of labor is $20 and the cost of a unit of capital is $80. State and illustrate the conditions that determine the firm’s cost minimizing use of labor and capital.
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