Post Utme Osustech 2018 Economics Question 37
Practice objective / multiple choice question 37 from the 2018 Post Utme Osustech Economics examination.
A firm has a production function Q = 2L^0.5K^0.5, where L and K are labor and capital respectively. If the firm's \cost function is given by C(L, K) = 2L + 3K, find the optimal values of L and K u\sing the method of Lagrange multipliers.
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About This Question
This is Post Utme Osustech 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.
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