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Question 4 (4 marks) Consider a firm which has a variety of methods (involving differing amounts of capital and labour) of producing its current level of output

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Question 4 (4 marks) Consider a firm which has a variety of methods (involving differing amounts of capital and labour) of producing its current level of output. The following table shows the marginal products of capital (K) and labour (L) for each of the possible methods. 
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Production Method MPx MPL A 50 4 B 45 8 C 40 12 D 35 16 E 30 20 F 25 24 G 20 28 
Suppose capital costs $7.50 per unit and labour costs $5.00 per unit. Calculate, if possible, which method minimize costs?