Post Utme Osustech 2018 Economics Question 9
Practice objective / multiple choice question 9 from the 2018 Post Utme Osustech Economics examination.
A firm has a production function given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is output, K is capital, and L is labor. If the marginal product of labor is 20, and the wage rate is ₦200 per unit of labor, what is the optimal level of labor?
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About This Question
This is Post Utme Osustech 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.
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