Post Utme Uniosun 2018 Economics Question 3
Practice objective / multiple choice question 3 from the 2018 Post Utme Uniosun Economics examination.
A firm operates under a production function \( Q = 2L^2 + 3K \). If the firm's output is 20 units, and 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?
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About This Question
This is Post Utme Uniosun 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.
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