Post Utme Noun 2021 Economics Question 10
Practice objective / multiple choice question 10 from the 2021 Post Utme Noun Economics examination.
A firm's production function is Q = 2L^0.5K^0.5, and its \cost function is C(L,K) = 2L + 3K. If the price of the good is $10, what is the optimal level of labor and capital to maximize profits?
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This is Post Utme Noun 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.
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