Post Utme Aaua 2018 Economics Question 31
Practice objective / multiple choice question 31 from the 2018 Post Utme Aaua Economics examination.
Consider a firm operating in a perfectly competitive market with a production function Q = 2L^0.5K^0.5. If the firm's current input prices are wL = 10 and rK = 20, what is the optimal input combination that minimizes the firm's \cost?
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About This Question
This is Post Utme Aaua 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.
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