Post Utme Rhema University 2018 Commerce Question 32
Practice objective / multiple choice question 32 from the 2018 Post Utme Rhema University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, 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, and the firm's objective is to maximize profit, what is the optimal level of labor?
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About This Question
This is Post Utme Rhema University 2018 Commerce Question 32. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.
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