Post Utme Bowen University 2020 Commerce Question 17
Practice objective / multiple choice question 17 from the 2020 Post Utme Bowen University Commerce examination.
A company's production function is given by Q = 2L^0.5K^0.5. If the company wants to produce 400 units of output, and the price of labor is ₦50 per unit, while the price of capital is ₦100 per unit, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Bowen University 2020 Commerce Question 17. It is one of the objective questions from the 2020 Post Utme Bowen University Commerce examination.
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