Post Utme Caleb University 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice

Question 33 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's \cost function is C(L,K) = 10L + 20K and the price of the firm's output is ₦100, what is the firm's profit-maximizing input bundle?

Answer Options

Correct Answer A. (5,10)

B. (10,5)

C. (15,0)

D. (0,15)

Correct Answer

Correct Option:

(5,10)

About This Question

This is Post Utme Caleb University 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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