Post Utme Afe Babalola University 2021 Economics Question 32
Practice objective / multiple choice question 32 from the 2021 Post Utme Afe Babalola University Economics examination.
A firm's production function is given by \( Q = 2L^2 + 3K^2 \). 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 will be the firm's optimal input mix?
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This is Post Utme Afe Babalola University 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.
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