Post Utme Crawford University 2024 General Studies Question 38
Practice objective / multiple choice question 38 from the 2024 Post Utme Crawford University General Studies examination.
A firm has the following production function: Q = 2L^0.5 * K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm wants to maximize its profit, what is the optimal level of capital?
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About This Question
This is Post Utme Crawford University 2024 General Studies Question 38. It is one of the objective questions from the 2024 Post Utme Crawford University General Studies examination.
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