Post Utme Rsu 2022 Economics Question 37
Practice objective / multiple choice question 37 from the 2022 Post Utme Rsu Economics examination.
A firm is producing a good u\sing a production function Q = 2L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, and the firm's budget constraint is 100L + 200K = ₦100,000, what is the optimal level of production?
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About This Question
This is Post Utme Rsu 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.
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