Post Utme Unn 2018 Economics Question 10
Practice objective / multiple choice question 10 from the 2018 Post Utme Unn Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is labor and H is capital. 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 2L + 3H = ₦1000, what is the firm's optimal production level?
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About This Question
This is Post Utme Unn 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.
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