Post Utme Futa 2025 Economics Question 14
Practice objective / multiple choice question 14 from the 2025 Post Utme Futa Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current input prices are w = ₦100 and r = ₦200, and the current output price is p = ₦500, what is the firm's optimal input combination (L, K) that maximizes its profit?
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About This Question
This is Post Utme Futa 2025 Economics Question 14. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.
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