Post Utme Rhema University 2018 Geography Question 4
Practice objective / multiple choice question 4 from the 2018 Post Utme Rhema University Geography examination.
A firm has a production function given by ( Q = 2L^{1/2}K^{1/3} ). If the price of labor is ( P_L = 10 ) and the price of capital is ( P_K = 5 ), and the firm's budget constraint is ( 10L + 5K = 100 ), what is the optimal level of capital?
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About This Question
This is Post Utme Rhema University 2018 Geography Question 4. It is one of the objective questions from the 2018 Post Utme Rhema University Geography examination.
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