Post Utme Igbinedion University 2020 Economics Question 20
Practice objective / multiple choice question 20 from the 2020 Post Utme Igbinedion University Economics examination.
A firm's production function is given by Q = 3L^0.5K^0.5, where L and K are the quantities of labor and capital respectively. If the firm's \cost function is given by C = 150L + 250K, what is the firm's optimal input bundle?
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About This Question
This is Post Utme Igbinedion University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.
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