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Managerial Economics · End Term · 10 May 2026 · January 2026 term · Set 1

Question 34: What is the cost minimizing quantity of labour and capit…

Question 34

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The production function for a product is given by q = 450KL. If the price of capital is INR 30 per day and the price of labour is INR 150 per day.
Based on the above data, answer the given subquestions.

What is the cost minimizing quantity of labour and capital respectively for producing 9000 units of output? K* = _________

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Correct answer: 10

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Question 34 of 37 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 10 May 2026, in the January 2026 term (Managerial Economics 06 May 26). It carries 1 mark.

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