Post Utme Al Hikmah University 2021 Economics Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Al Hikmah University Economics examination.
A firm's production function is given by \( Q = 2L^{1/2}K^{1/2} \). If the firm's output is 16 units and the price of labor is ₦20 per unit, while the price of capital is ₦30 per unit, what is the firm's optimal input combination of labor and capital?
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About This Question
This is Post Utme Al Hikmah University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.
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