Post Utme Aaua 2021 Economics Question 23
Practice objective / multiple choice question 23 from the 2021 Post Utme Aaua Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to produce 100 units of output, and the wage rate is $10 per unit of labor, and the rental rate of capital is $5 per unit of capital, what is the optimal level of labor?
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About This Question
This is Post Utme Aaua 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.
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