Post Utme Mountain Top University 2018 Economics Question 21
Practice objective / multiple choice question 21 from the 2018 Post Utme Mountain Top University Economics examination.
A firm's production function is given by the equation Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor, and K is the capital. If the firm wants to produce 100 units, and the wage rate is 5, what is the optimal level of capital (K)?
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About This Question
This is Post Utme Mountain Top University 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.
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