Post Utme Futa 2023 Economics Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Futa 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. If the prices of labor and capital are ₦10 and ₦20 respectively, and the firm's output is 100 units, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Futa 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.
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