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Michael, Dwight and Jim run a paper company. Each week, they need to produce 1000 reams...

Michael, Dwight and Jim run a paper company. Each week, they need to produce 1000 reams of paper to ship to their customers. The paper’s long run production function is Q=min (4K, L) where K is quantity of capital rented and L is quantity of labor hired. The weekly cost function is C=10K+2L. What is the minimum cost of producing 1000 reams of paper?

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डेडीकेटेड फ्रेट कोरीडोर DATE 6 = min (4K, L) Aspes the production function labor and capital are perfect Complements so U K=

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