Post Utme Lasu 2020 Economics Question 19
Practice objective / multiple choice question 19 from the 2020 Post Utme Lasu Economics examination.
Consider a firm operating in a perfectly competitive market with a production function given by Q = 3L^0.5K^0.5. If the firm's current input prices are w = 15 and r = 30, and it is currently producing 6 units of output, what is the firm's current input mix?
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About This Question
This is Post Utme Lasu 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.
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