Post Utme Lead City University 2025 Economics Question 33
Practice objective / multiple choice question 33 from the 2025 Post Utme Lead City University Economics examination.
Consider a production function of the form Q = f(L, K) = 2L^0.5K^0.5. If the marginal product of labor (MPL) is 1.5 and the marginal product of capital (MPK) is 0.75, what is the optimal ratio of labor to capital?
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About This Question
This is Post Utme Lead City University 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.
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