Post Utme Bsu 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_BSU • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. The firm's \cost function is given by C = 100L + 200K. What is the firm's optimal input combination?

Answer Options

Correct Answer A. L = 4, K = 9
B. L = 9, K = 4
C. L = 16, K = 1
D. L = 1, K = 16
Correct Answer
A
Correct Option:
L = 4, K = 9

About This Question

This is Post Utme Bsu 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2019 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

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