Post Utme Uniport 2024 Economics Question 15
Practice objective / multiple choice question 15 from the 2024 Post Utme Uniport Economics examination.
A firm's production function is given by \( Q = 3K^{\frac{2}{3}}L^{\frac{1}{3}} \). If the price of capital is ₦300 per unit, and the price of labor is ₦150 per unit, what is the optimal level of labor to maximize profits?
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About This Question
This is Post Utme Uniport 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.
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