Post Utme Unilorin 2023 Economics Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Unilorin Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and the firm's budget constraint is 100L + 200K = 10000, what is the optimal level of labor and capital?
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About This Question
This is Post Utme Unilorin 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.
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