Post Utme Aaua 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A firm is producing a good with a production function of Q = 2L^0.5K^0.5. If the price of the good is $10 and the price of labor is $5, what is the optimal level of labor to hire?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Aaua 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support