Post Utme Madonna University 2019 Geography Question 5
Practice objective / multiple choice question 5 from the 2019 Post Utme Madonna University Geography examination.
A firm has a production function given by Q = 2L^0.5K^0.5. If the firm wants to produce 100 units of output, and the price of labor is ₦100 per unit, and the price of capital is ₦200 per unit, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Madonna University 2019 Geography Question 5. It is one of the objective questions from the 2019 Post Utme Madonna University Geography examination.
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