Post Utme Nile University 2020 Economics Question 9
Practice objective / multiple choice question 9 from the 2020 Post Utme Nile University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units, and the price of labor is $10 per unit, and the price of capital is $20 per unit, what is the optimal combination of labor and capital?
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This is Post Utme Nile University 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.
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