Post Utme Wellspring University 2021 Commerce Question 14
Practice objective / multiple choice question 14 from the 2021 Post Utme Wellspring University Commerce examination.
A firm has the following production function: Q = 2L^2 + 3K. If the prices of labor and capital are ₦10 and ₦5 respectively, and the firm has a budget of ₦50, what is the optimal input bundle?
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About This Question
This is Post Utme Wellspring University 2021 Commerce Question 14. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.
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