Post Utme Christopher University 2017 Economics Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Christopher University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current input prices are w_L = 10 and w_K = 20, and the firm wants to maximize its profit, what is the optimal input combination?
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About This Question
This is Post Utme Christopher University 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.
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