Post Utme Al Hikmah University 2024 Economics Question 32
Practice objective / multiple choice question 32 from the 2024 Post Utme Al Hikmah University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current output is 100 units, and the price of labor is ₦100 per unit, while the price of capital is ₦200 per unit, what is the optimal combination of labor and capital?
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This is Post Utme Al Hikmah University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.
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