Post Utme Eksu 2018 Economics Question 15
Practice objective / multiple choice question 15 from the 2018 Post Utme Eksu Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor \( P_L \) is ₦100 per unit and the price of capital \( P_K \) is ₦200 per unit, what is the optimal combination of labor and capital that minimizes the \cost of producing 4 units of output?
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About This Question
This is Post Utme Eksu 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.
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