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Managerial Economics · Quiz 1 · 19 Jul 2026 · May 2026 term

Question 10: What is the cost minimizing combination of labour and ca…

Question 10

+2 marksNumerical answer

Based on the above data, answer the given subquestions.

What is the cost minimizing combination of labour and capital for an airframe manufacturer that wants to produce 121,000 airframes?
L*= __________

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Correct answer: 1000

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Question 10 of 22 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term (Managerial Economics 16 Jul 26). It carries 2 marks.

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  10. Q11What is the cost minimizing combination of labour and capital for an airframe manufacturer that wants to produce 121,00…
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  17. Q18What will be the optimal combination of labour and capital.\ L= _
  18. Q19What will be the optimal combination of labour and capital.\ K= _
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  21. Q22What is the average variable cost at q=25? _