Post Utme Unilag 2020 Commerce Question 2
Practice objective / multiple choice question 2 from the 2020 Post Utme Unilag Commerce examination.
A firm's production function is given by Q = 2L^0.5 + 3K^0.5. If the price of labor (w) is ₦100 and the price of capital (r) is ₦200, what is the optimal level of labor (L) and capital (K)?
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About This Question
This is Post Utme Unilag 2020 Commerce Question 2. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.
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