Question

A firm has a production function that is homogenous of degree one given by $𝑄 = 2\sqrt{𝐿𝐾}$, where 𝑄 is quantity, 𝐿 is labour and 𝐾 is capital. The unit price of 𝐿 is Rs. 4 and the unit price of 𝐾 is Rs. 16. Assuming that there is zero fixed cost, the total cost (long run) of producing 10 units of 𝑄 is Rs. (in integer).

Answer 1

The correct answer is : 80