Post Utme Skyline University 2017 Commerce Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Skyline University Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm wants to maximize its profit, what is the optimal value of L?
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This is Post Utme Skyline University 2017 Commerce Question 22. It is one of the objective questions from the 2017 Post Utme Skyline University Commerce examination.
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