Post Utme Rsu 2024 Economics Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Rsu Economics examination.
A firm is producing a good with a production function Q = 2L^0.5K^0.5, where L is labor and K is capital. If the price of the good is ₦100, the wage rate is ₦20 per unit of labor, and the rental rate of capital is ₦30 per unit of capital, what is the profit-maximizing level of capital?
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About This Question
This is Post Utme Rsu 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.
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