Post Utme Summit University 2022 Economics Question 32
Practice objective / multiple choice question 32 from the 2022 Post Utme Summit University Economics examination.
A firm is producing a good with the following production function: Q = 2L^0.5 * K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, find the optimal combination of labor and capital that minimizes the \cost of production.
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About This Question
This is Post Utme Summit University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.
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