Post Utme Unn 2019 Economics Question 38
Practice objective / multiple choice question 38 from the 2019 Post Utme Unn Economics examination.
A firm has a production function \( Q = 2L^{0.5}K^{0.5} \), where ( L ) and ( K ) are the quantities of labor and capital respectively. If the firm's revenue is $1000 and the price of the output is $50, what is the firm's profit-maximizing level of capital?
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About This Question
This is Post Utme Unn 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.
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