Post Utme Mountain Top University 2022 Economics Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Mountain Top University Economics examination.
A firm is producing a good u\sing a production function given by Q = 100K^0.5L^0.5. If the price of the good is $10 and the prices of capital and labor are $5 and $3 respectively, what is the optimal level of capital and labor?
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This is Post Utme Mountain Top University 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.
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