Post Utme Bsu 2021 Economics Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, find the optimal combination of labor and capital.

Answer Options

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

About This Question

This is Post Utme Bsu 2021 Economics Question 7. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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