Post Utme Bells University 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Bells University Economics examination.

Post Utme Bells University 2025 Economics Objective / Multiple Choice
Question 40 POST_UTME_BELLS_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by \( Q = 100K^{\frac{2}{3}}L^{\frac{1}{3}} \). If the firm's \cost function is \( C = 20K + 30L \), what is the firm's profit-maximizing level of output?

Answer Options

A. \( 10^3 \)
B. \( 10^4 \)
Correct Answer C. \( 10^5 \)
D. \( 10^6 \)
Correct Answer
C
Correct Option:
\( 10^5 \)

About This Question

This is Post Utme Bells University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Bells University Economics examination.

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