Post Utme Ims U 2022 Economics Question 37
Practice objective / multiple choice question 37 from the 2022 Post Utme Ims U Economics examination.
A firm has a production function Q = 2L^2 + 3K^2, where L is labor and K is capital. If the firm's \cost of labor is ₦10 per unit and the \cost of capital is ₦20 per unit, what is the firm's optimal level of labor and capital?
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About This Question
This is Post Utme Ims U 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.
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