Post Utme Ksu 2017 Commerce Question 18
Practice objective / multiple choice question 18 from the 2017 Post Utme Ksu Commerce examination.
A firm has a production function given by Q = 2L^0.5K^0.5. If the price of labor is ₦50 per unit and the price of capital is ₦100 per unit, what is the optimal level of labor and capital to minimize the cost of production?
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About This Question
This is Post Utme Ksu 2017 Commerce Question 18. It is one of the objective questions from the 2017 Post Utme Ksu Commerce examination.
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