Post Utme Redeemers University 2022 Economics Question 14
Practice objective / multiple choice question 14 from the 2022 Post Utme Redeemers University Economics examination.
A firm is producing a good with a production function of Q = 2L^0.5K^0.5, where L and K are the quantities of labor and capital respectively. If the firm's output is 100 units and the price of labor is ₦10 per unit, what is the optimal quantity of capital?
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This is Post Utme Redeemers University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Redeemers University Economics examination.
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