Post Utme Esut 2019 Commerce Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Esut Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm wants to produce 16 units of output, and the wage rate is ₦100 per unit of labor, and the rental rate of capital is ₦200 per unit of capital, how many units of labor should the firm hire?
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About This Question
This is Post Utme Esut 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Esut Commerce examination.
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