Post Utme Eksu 2020 Commerce Question 37
Practice objective / multiple choice question 37 from the 2020 Post Utme Eksu Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the price of labor is 10 per hour and the price of capital is 20 per hour, and if the firm wants to maximize its profit, what is the optimal value of L?
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This is Post Utme Eksu 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Eksu Commerce examination.
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