Post Utme Noun 2017 Economics Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Noun Economics examination.
A firm is producing a good with a production function Q = 2L^0.5K^0.5. If the price of the good is $10 and the wage rate is $5 per hour, what is the firm's optimal level of labor?
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About This Question
This is Post Utme Noun 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.
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