Post Utme Al Hikmah University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \). If the firm's output is 16 units and the price of labor is ₦10 per unit, what is the firm's optimal level of capital?

Answer Options

A. K = 4
B. K = 6
Correct Answer C. K = 8
D. K = 10
Correct Answer
C
Correct Option:
K = 8

About This Question

This is Post Utme Al Hikmah University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Economics examination.

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