Post Utme Skyline University 2021 Economics Question 9
Practice objective / multiple choice question 9 from the 2021 Post Utme Skyline University Economics examination.
A firm produces a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5, where Q is the quantity of output, L is the quantity of labor, and K is the quantity of capital. If the firm's \cost function is given by C = 100L + 200K, what is the optimal input mix?
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About This Question
This is Post Utme Skyline University 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.
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