Post Utme Unilorin 2024 Geography Question 29
Practice objective / multiple choice question 29 from the 2024 Post Utme Unilorin Geography examination.
A firm is producing a good using two inputs, labor and capital. The 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, what is the optimal combination of labor and capital that minimizes the cost of production?
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About This Question
This is Post Utme Unilorin 2024 Geography Question 29. It is one of the objective questions from the 2024 Post Utme Unilorin Geography examination.
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