Post Utme Osustech 2023 Economics Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Osustech Economics examination.
A firm is producing a good with a production function \( Q = 2L^2 + 3K^2 \), 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 to produce 100 units of the good?
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This is Post Utme Osustech 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.
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