Post Utme Aaua 2019 Commerce Question 31
Practice objective / multiple choice question 31 from the 2019 Post Utme Aaua Commerce examination.
A firm specializes in producing a single product, and its production function is given by Q = 100L^0.5K^0.25. If the firm's current input prices are L = ₦100 and K = ₦200, and it wants to minimize its total cost, what should be the optimal input combination?
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About This Question
This is Post Utme Aaua 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.
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