Suppose the production function is F(L,K)= 3L + 2K. In the short run Labour is fixed at L =
2. If w = 2 and v = 1, what is the cheapest way to make 12 units of output in the short run?

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The Answer of Suppose the production function is F(L,K)= 3L + 2K. In the short run Labour is fixed at L =
2. If w = 2 and v = 1, what is the cheapest way to make 12 units of output in the short run?

Suppose the Production Function Is F(L,K)= 3L + 2K