Post Utme Achievers University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. The firm's \cost function is given by C = 10L + 20K. Determine the firm's optimal input combination.

Answer Options

Correct Answer A. L = 4, K = 9
B. L = 9, K = 4
C. L = 16, K = 1
D. L = 1, K = 16
Correct Answer
A
Correct Option:
L = 4, K = 9

About This Question

This is Post Utme Achievers University 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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