Post Utme Ims U 2017 Commerce Question 31
Practice objective / multiple choice question 31 from the 2017 Post Utme Ims U Commerce examination.
A firm's production function is given by the Cobb-Douglas production function: Q = 2L^0.4K^0.6. If the firm's output is 100 units and the wage rate is ₦100 per hour, what is the optimal level of labor (L) if the firm's capital (K) is 10 units?
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About This Question
This is Post Utme Ims U 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.
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