Post Utme Babcock University 2017 Economics Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Babcock University Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (H) is ₦150 per unit, and the firm's budget constraint is 2L + 3H = ₦3000, what is the optimal level of production?
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This is Post Utme Babcock University 2017 Economics Question 1. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.
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