Post Utme Al Hikmah University 2019 Economics Question 17
Practice objective / multiple choice question 17 from the 2019 Post Utme Al Hikmah University Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \). If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm wants to maximize its profit, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Al Hikmah University 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Economics examination.
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