Post Utme Babcock University 2024 Geography Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Babcock University Geography examination.

Post Utme Babcock University 2024 Geography Objective / Multiple Choice
Question 29 POST_UTME_BABCOCK_UNIVERSITY • 2024 • GEOGRAPHY • objective

A firm is producing a good with a production function Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, calculate the profit-maximizing level of labor and capital.

Answer Options

Correct Answer A. L = 100, K = 200
B. L = 200, K = 100
C. L = 50, K = 400
D. L = 400, K = 50
Correct Answer
A
Correct Option:
L = 100, K = 200

About This Question

This is Post Utme Babcock University 2024 Geography Question 29. It is one of the objective questions from the 2024 Post Utme Babcock University Geography examination.

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