Post Utme Uniben 2022 Economics Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Uniben Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where L is labor and K is capital. If the firm's output is 100 units, and the price of labor is ₦50 per unit, and the price of capital is ₦100 per unit, what is the optimal combination of labor and capital that the firm should use?
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About This Question
This is Post Utme Uniben 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.
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