Post Utme Caleb University 2023 Economics Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Caleb University Economics examination.
A firm's production function is given by \( Q = 2L^{0.5}K^{0.5} \). If the firm's output is 100 units and the price of labor is ₦20 per unit and the price of capital is ₦30 per unit, what is the optimal combination of labor and capital that the firm will choose?
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About This Question
This is Post Utme Caleb University 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.
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