Post Utme Covenant University 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. The firm's \cost function is given by C = 10L + 20K. What is the firm's optimal input bundle?

Answer Options

A. (10, 10)
B. (20, 5)
C. (5, 20)
Correct Answer D. (15, 15)
Correct Answer
D
Correct Option:
(15, 15)

About This Question

This is Post Utme Covenant University 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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