Post Utme Caleb University 2025 Economics Question 37
Practice objective / multiple choice question 37 from the 2025 Post Utme Caleb University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, what is the optimal level of labor and capital that minimizes the \cost of production?
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This is Post Utme Caleb University 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.
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