Post Utme Nile University 2019 Commerce Question 17
Practice objective / multiple choice question 17 from the 2019 Post Utme Nile University Commerce examination.
A company has a production function Q = 2L^0.5K^0.5, where L is labor and K is capital. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the optimal level of labor and capital?
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About This Question
This is Post Utme Nile University 2019 Commerce Question 17. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.
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