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Managerial Economics · Quiz 1 · 25 Feb 2024 · January 2024 term

Question 9: What will be the optimal capital-labour ratio

Question 9

+1 markNumerical answer

The production function for a product is given by q = 100KL If the price of capital is INR 1200 per day and the price of labour INR 300 per day.
Based on the above data, answer the given subquestions.

What will be the optimal capital-labour ratio ______________

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Correct answer: 0.25

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Question 9 of 19 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 25 Feb 2024, in the January 2024 term (IIT M DEGREE AN2 EXAM QDB2 25 Feb 2024). It carries 1 mark.

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