Post Utme Elizade University 2021 General Studies Question 24
Practice objective / multiple choice question 24 from the 2021 Post Utme Elizade University General Studies examination.
A firm has a budget constraint of ( 1000 ) and a production function of ( Q = 2L + 3K ). If the price of labor is ( 10 ) and the price of capital is ( 20 ), find the optimal level of labor and capital.
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This is Post Utme Elizade University 2021 General Studies Question 24. It is one of the objective questions from the 2021 Post Utme Elizade University General Studies examination.
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