Post Utme Osustech 2017 Commerce Question 36
Practice objective / multiple choice question 36 from the 2017 Post Utme Osustech Commerce examination.
A firm's production function is given by Q = 2L^0.5 + 3K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm wants to produce 100 units of output, and the wage rate is ₦100 per hour, and the rental rate of capital is ₦200 per hour, what is the optimal level of capital?
Answer Options
About This Question
This is Post Utme Osustech 2017 Commerce Question 36. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.