Post Utme Abu 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_ABU • 2017 • ECONOMICS • objective

A firm has a production function Q = 2L^0.5K^0.5. If the firm's output is 100 units and the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, what is the optimal combination of labor and capital?

Answer Options

Correct Answer A. (10, 5)
B. (5, 10)
C. (20, 2)
D. (15, 3)
Correct Answer
A
Correct Option:
(10, 5)

About This Question

This is Post Utme Abu 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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