Post Utme Uniben 2018 Commerce Question 22
Practice objective / multiple choice question 22 from the 2018 Post Utme Uniben Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor (w) is 10 and the price of capital (r) is 20, and the firm wants to maximize its profit, what is the optimal level of labor (L) and capital (K)?
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About This Question
This is Post Utme Uniben 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Uniben Commerce examination.
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