Post Utme Bsu 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Bsu Economics examination.

Post Utme Bsu 2023 Economics Objective / Multiple Choice

Question 38 POST_UTME_BSU • 2023 • ECONOMICS • objective

A firm is producing a homogeneous product u\sing a production function given by Q = 2L^0.5K^0.5. The firm's \cost function is given by C = 10L + 20K. Find the firm's profit-maximizing level of L and K.

Correct Answer A. \( L = 10, K = 20 \)

B. \( L = 20, K = 10 \)

C. \( L = 30, K = 30 \)

D. \( L = 40, K = 40 \)

Correct Answer

Correct Option:

\( L = 10, K = 20 \)

This is Post Utme Bsu 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Bsu Economics examination.

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