Post Utme Covenant University 2019 Economics Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^{0.5}K^{0.5} \). If the firm's output is 100 units and the price of labor is ₦20 per unit, find the firm's optimal level of capital.

Answer Options

Correct Answer A. ₦1000
B. ₦500
C. ₦2000
D. ₦2500
Correct Answer
A
Correct Option:
₦1000

About This Question

This is Post Utme Covenant University 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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