Post Utme Christopher University 2022 Economics Question 19
Practice objective / multiple choice question 19 from the 2022 Post Utme Christopher University Economics examination.
A firm's production function is given by Q = 3L^0.5K^0.5, where L and K are the quantities of labor and capital respectively. If the firm's output is 100 units, and the price of the output is ₦10, calculate the optimal level of labor (L) that minimizes the firm's \cost.
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About This Question
This is Post Utme Christopher University 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.
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