Post Utme Babcock University 2025 Economics Question 18
Practice objective / multiple choice question 18 from the 2025 Post Utme Babcock University Economics examination.
Consider a firm that produces a \single product u\sing labor and capital. The 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's revenue function is \( R = 100Q \) and the \cost function is \( C = 20L + 10K \), what is the firm's profit-maximizing level of labor?
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This is Post Utme Babcock University 2025 Economics Question 18. It is one of the objective questions from the 2025 Post Utme Babcock University Economics examination.
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