Post Utme Uniport 2024 Economics Question 13
Practice objective / multiple choice question 13 from the 2024 Post Utme Uniport Economics examination.
A firm's production function is given by \( Q = 2K^{\frac{1}{2}}L^{\frac{1}{2}} \). If the price of capital is ₦500 per unit, and the price of labor is ₦200 per unit, what is the optimal level of capital to maximize profits?
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About This Question
This is Post Utme Uniport 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.
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