Post Utme Aaua 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Aaua Economics examination.

Post Utme Aaua 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_AAUA • 2020 • ECONOMICS • objective
Post Utme Aaua 2020 Economics Question 10 diagram

The diagram below shows the production isoquant and the budget constraint. If the price of labor is 10 and the price of capital is 20, the optimal combination of labor and capital is

Answer Options

Correct Answer A. (10,20)
B. (20,10)
C. (15,15)
D. (20,20)
Correct Answer
A
Correct Option:
(10,20)

About This Question

This is Post Utme Aaua 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.

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