Post Utme Futo 2019 Economics Question 12
Practice objective / multiple choice question 12 from the 2019 Post Utme Futo Economics examination.
A firm is producing a good with the following production function: Q = 2L^0.5K^0.5. If the price of the good is $10 and the price of labor is $5 per unit, and the price of capital is $10 per unit, what is the optimal level of labor and capital for the firm?
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About This Question
This is Post Utme Futo 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.
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