Post Utme Christopher University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units and the wage rate is ₦50 per hour, what is the optimal level of capital?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Christopher University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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