Post Utme Rsu 2023 Economics Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Rsu Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (H) is ₦200 per unit, and the firm's budget constraint is 100L + 200H = 10000, find the optimal level of labor and capital that maximizes profits.
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About This Question
This is Post Utme Rsu 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.
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