Post Utme Oau 2025 Economics Question 30
Practice objective / multiple choice question 30 from the 2025 Post Utme Oau Economics examination.
A firm is producing a good with the following production function: q = 2L^0.5K^0.5. The firm is facing a labor market with a wage rate of $10 per hour and a capital market with a rental rate of $5 per hour. What is the firm's \cost-minimizing input combination?
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About This Question
This is Post Utme Oau 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Oau Economics examination.
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