Post Utme Rsu 2021 Commerce Question 32
Practice objective / multiple choice question 32 from the 2021 Post Utme Rsu Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is labor, and K is capital. If the firm wants to produce 100 units of output, and the wage rate is ₦100 per hour, and the rental rate of capital is ₦200 per hour, how much should the firm spend on labor?
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About This Question
This is Post Utme Rsu 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Rsu Commerce examination.
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