Post Utme Lautech 2020 Economics Question 27
Practice objective / multiple choice question 27 from the 2020 Post Utme Lautech Economics examination.
A firm's production function is given by \( Q = 2L^{0.5}K^{0.5} \). If the firm's output is 100 units, and the wage rate is ₦10 per hour, and the rental rate is ₦5 per hour, what is the firm's optimal input bundle?
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About This Question
This is Post Utme Lautech 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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