Post Utme Delsu 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units, and the wage rate is ₦100 per hour, and the rental rate is ₦200 per unit, what is the optimal input combination?

Answer Options

Correct Answer A. L = 100, K = 100
B. L = 50, K = 200
C. L = 200, K = 50
D. L = 25, K = 400
Correct Answer
A
Correct Option:
L = 100, K = 100

About This Question

This is Post Utme Delsu 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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