Post Utme Madonna University 2021 Economics Question 12
Practice objective / multiple choice question 12 from the 2021 Post Utme Madonna University Economics examination.
A firm's production function is given by \( Q = 100L^0.5K^0.5 \). If the firm's output is 100 units and the price of labor is ₦100 per unit, while 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 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Madonna University Economics examination.
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