Post Utme Igbinedion University 2021 Economics Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Igbinedion University Economics examination.
A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5. The firm's \cost function is given by C = 10L + 20K. What is the firm's optimal input bundle of labor and capital?
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About This Question
This is Post Utme Igbinedion University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.
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