Post Utme Afe Babalola University 2017 Economics Question 24
Practice objective / multiple choice question 24 from the 2017 Post Utme Afe Babalola University Economics examination.
A firm's production function is given by Q = 2L + 3K. If the firm's output is 100 units and the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, what is the firm's optimal input mix?
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This is Post Utme Afe Babalola University 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.
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