Post Utme Uniosun 2025 Economics Question 40
Practice objective / multiple choice question 40 from the 2025 Post Utme Uniosun Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is output, K is capital, and L is labor. If the price of capital is ₦100 per unit and the price of labor is ₦50 per unit, and the firm's budget constraint is ₦10,000, what is the optimal level of capital and labor to maximize output?
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About This Question
This is Post Utme Uniosun 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Uniosun Economics examination.
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