Post Utme Covenant University 2018 Economics Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Covenant University Economics examination.
A firm is producing a good u\sing two inputs, labor (L) and capital (K). The production function is given by Q = 2L^0.5K^0.5. If the firm's budget constraint is given by 2L + 3K = 100, what is the firm's optimal input mix?
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About This Question
This is Post Utme Covenant University 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.
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