Post Utme Uniport 2023 Economics Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Uniport Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm's labor and capital are fixed at 16 and 25 respectively, what is the firm's optimal level of output?
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About This Question
This is Post Utme Uniport 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.
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