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Find the cost-minimizing combination of labor

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Reference no: EM13182749

Airframes are produced according to the production function: \(Q = (L^{1/2} + K^{1/2})^{2}\)

Suppose the price of labor is $10 per unit and the price of capital is $1 per unit. Find the cost-minimizing combination of labor and capital to produce 121,000 airframes.

Reference no: EM13182749

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