Post Utme Rsu 2019 Commerce Question 31
Practice objective / multiple choice question 31 from the 2019 Post Utme Rsu Commerce examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm's budget constraint is given by 100L + 200K = ₦10000, find the optimal values of L and K that maximize the firm's profit.
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About This Question
This is Post Utme Rsu 2019 Commerce Question 31. It is one of the objective questions from the 2019 Post Utme Rsu Commerce examination.
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