Post Utme Al Hikmah University 2018 Economics Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Al Hikmah University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) is ₦50 per unit and the price of capital (K) is ₦100 per unit, calculate the \cost-minimizing input combination when the firm produces 100 units of output.
Answer Options
About This Question
This is Post Utme Al Hikmah University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.