Post Utme Bsu 2022 Economics Question 12
Practice objective / multiple choice question 12 from the 2022 Post Utme Bsu Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm's goal is to maximize profits, and the price of output is P = 10, what is the optimal level of labor (L) to hire, given that the price of capital is 2?
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About This Question
This is Post Utme Bsu 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Bsu Economics examination.
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