Post Utme Bells University 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Bells University Economics examination.

Post Utme Bells University 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_BELLS_UNIVERSITY • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a production function \( Q = 100K^{\frac{1}{3}}L^{\frac{2}{3}} \). If the price of the good is $10 and the firm's \cost function is \( C = 20K + 30L \), what is the firm's profit-maximizing level of output?

Answer Options

Correct Answer A. \( 10^3 \)
B. \( 10^2 \)
C. \( 10^4 \)
D. \( 10^5 \)
Correct Answer
A
Correct Option:
\( 10^3 \)

About This Question

This is Post Utme Bells University 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Bells University Economics examination.

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