Post Utme Nile University 2018 Economics Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Nile University Economics examination.
A firm's production function is given by \( Q = 2L^{1/2}K^{1/2} \). If the firm's current input prices are \( w = 10 \) and \( r = 20 \), and the firm's current output price is \( p = 30 \), what is the firm's optimal input combination?
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About This Question
This is Post Utme Nile University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.
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