Post Utme Wellspring University 2025 Economics Question 38
Practice objective / multiple choice question 38 from the 2025 Post Utme Wellspring University Economics examination.
A firm produces a good u\sing two inputs, labor (L) and capital (K). The production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the \cost-minimizing input combination?
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About This Question
This is Post Utme Wellspring University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.
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