Post Utme Elizade University 2020 Economics Question 14
Practice objective / multiple choice question 14 from the 2020 Post Utme Elizade University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 100 units of output, and the price of labor is 10, and the price of capital is 20, what is the optimal combination of labor and capital?
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This is Post Utme Elizade University 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.
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