Post Utme Christopher University 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \). If the firm's current input prices are \( w = 10 \) and \( r = 20 \), what is the firm's optimal input bundle?

Answer Options

Correct Answer A. (5, 3)
B. (3, 5)
C. (4, 4)
D. (2, 6)
Correct Answer
A
Correct Option:
(5, 3)

About This Question

This is Post Utme Christopher University 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Christopher University Economics examination.

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