Post Utme Osustech 2017 Economics Question 34
Practice objective / multiple choice question 34 from the 2017 Post Utme Osustech Economics examination.
A firm is producing a good with a production function F(L,K) = L^0.4K^0.6. If the firm has 100 units of labor and 50 units of capital, and the prices of labor and capital are ₦50 and ₦100 respectively, what is the optimal input combination?
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About This Question
This is Post Utme Osustech 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.
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