Post Utme Delsu 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Delsu Economics examination.

Post Utme Delsu 2018 Economics Objective / Multiple Choice

Question 15 POST_UTME_DELSU • 2018 • ECONOMICS • objective

A country's agricultural sector is characterized by a production function Q = 2L^0.5K^0.5. The price of labor is ₦100 per unit, and the price of capital is ₦200 per unit. Find the optimal combination of labor and capital.

Correct Answer A. L = 10, K = 20

B. L = 20, K = 10

C. L = 30, K = 5

D. L = 5, K = 30

Correct Answer

Correct Option:

L = 10, K = 20

This is Post Utme Delsu 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Delsu Economics examination.

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