Post Utme Redeemers University 2019 Economics Question 18
Practice objective / multiple choice question 18 from the 2019 Post Utme Redeemers University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is $10 per unit and the price of capital is $20 per unit, and if the firm wants to maximize its profits, what is the optimal combination of labor and capital?
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About This Question
This is Post Utme Redeemers University 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.
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