Post Utme Al Hikmah University 2024 Economics Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Al Hikmah University Economics examination.
A firm is operating in a perfectly competitive market with a production function given by \( Q = 2L^{1/2}K^{1/2} \). If the firm's output is 100 units and the wage rate is ₦10 per unit of labor, what is the firm's optimal capital?
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This is Post Utme Al Hikmah University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.
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