Post Utme Al Hikmah University 2020 Economics Question 22
Practice objective / multiple choice question 22 from the 2020 Post Utme Al Hikmah University Economics examination.
A firm has a production function given by Q = 2L^\( 1/2 \)K^\( 1/2 \). If the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, what is the \cost-minimizing level of labor?
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About This Question
This is Post Utme Al Hikmah University 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.
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