Post Utme Futa 2020 Economics Question 38
Practice objective / multiple choice question 38 from the 2020 Post Utme Futa Economics examination.
The production function for a firm is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, and the price of capital is ₦200 per unit, how much should the firm sp\end on labor and capital?
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About This Question
This is Post Utme Futa 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.
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