Post Utme Aaua 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A firm is producing a good with a production function of Q = 2L^0.5K^0.5. If the price of the good is $10 and the price of labor is $5, what is the optimal level of capital to hire?

Answer Options

A. 10 units
B. 20 units
C. 30 units
Correct Answer D. 40 units
Correct Answer
D
Correct Option:
40 units

About This Question

This is Post Utme Aaua 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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