Post Utme Babcock University 2019 Geography Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Babcock University Geography examination.
A firm has a production function given by ( Q = 10L^0.5K^0.5 ). If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm's budget constraint is ₦10,000, find the optimal level of labor and capital.
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About This Question
This is Post Utme Babcock University 2019 Geography Question 37. It is one of the objective questions from the 2019 Post Utme Babcock University Geography examination.
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