Post Utme Delsu 2023 Economics Question 25
Practice objective / multiple choice question 25 from the 2023 Post Utme Delsu Economics examination.
A firm's production function is given by Q = 2L + 3K, where Q is the output, L is the labor and K is the capital. If the firm's output is 100 units and the price of labor is 10 naira per unit and the price of capital is 20 naira per unit, what is the firm's optimal input mix?
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About This Question
This is Post Utme Delsu 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.
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