Post Utme Futa 2025 Economics Question 36
Practice objective / multiple choice question 36 from the 2025 Post Utme Futa Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm's budget constraint is 100L + 200K = ₦100000, find the optimal values of L and K that maximize the firm's profit.
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About This Question
This is Post Utme Futa 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Futa Economics examination.
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