Post Utme Bowen University 2024 Economics Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2024 Economics Objective / Multiple Choice
Question 22 POST_UTME_BOWEN_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a production function F(L, K) = 2L^0.5K^0.5. If the price of labor is ₦100 and the price of capital is ₦200, what is the optimal level of labor and capital?

Answer Options

Correct Answer A. L = 10, K = 5
B. L = 5, K = 10
C. L = 20, K = 2
D. L = 2, K = 20
Correct Answer
A
Correct Option:
L = 10, K = 5

About This Question

This is Post Utme Bowen University 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Bowen University Economics examination.

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