Post Utme Oau 2018 Economics Question 38
Practice objective / multiple choice question 38 from the 2018 Post Utme Oau Economics examination.
Consider a firm that produces a homogeneous good u\sing two inputs, labor (L) and capital (K). The production function is given by Q = 2L^0.5K^0.5. If the firm's \cost function is given by C(L,K) = 10L + 20K, and the firm's revenue function is given by R(Q) = 100Q, calculate the firm's profit-maximizing input combination.
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About This Question
This is Post Utme Oau 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.
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