Post Utme Wellspring University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ECONOMICS • objective

A firm is producing a good with a production function Q = 2L^\( 1/2 \)K^\( 1/2 \). If the price of the good is $10 and the wage rate is $5 per hour, determine the optimal level of labor employment u\sing the first-order condition.

Answer Options

A. L = 4
Correct Answer B. L = 8
C. L = 16
D. L = 32
Correct Answer
B
Correct Option:
L = 8

About This Question

This is Post Utme Wellspring University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Wellspring University Economics examination.

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