Post Utme Ims U 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A firm is producing a good u\sing the production function Q = 2L^0.5K^0.5. If the price of the good is $10 and the price of labor is $5, and the price of capital is $10, what is the profit-maximizing level of labor?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Ims U 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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