Post Utme Aaua 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice

Question 36 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A firm has a production function of Q = 2L + 3K and \cost function of C = 10 + 2L + 3K. If the price of the product is 20, what is the profit-maximizing level of labor and capital?

Correct Answer A. L = 10, K = 5

B. L = 5, K = 10

C. L = 15, K = 3

D. L = 20, K = 2

Correct Answer

Correct Option:

L = 10, K = 5

This is Post Utme Aaua 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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