Post Utme Babcock University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a production function Q = 2L^2 + 3K. The wage rate is $10 and the rental rate is $5. What is the firm's profit-maximizing level of capital?

Answer Options

A. K = 2
Correct Answer B. K = 3
C. K = 4
D. K = 5
Correct Answer
B
Correct Option:
K = 3

About This Question

This is Post Utme Babcock University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support