Post Utme Eksu 2019 Economics Question 25
Practice objective / multiple choice question 25 from the 2019 Post Utme Eksu 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. The price of labor is ₦100 per unit and the price of capital is ₦200 per unit. The firm's budget constraint is 100L + 200K = 10000. Find the optimal values of L and K.
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About This Question
This is Post Utme Eksu 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.
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