Post Utme Delsu 2019 Commerce Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Delsu Commerce examination.

Post Utme Delsu 2019 Commerce Objective / Multiple Choice

Question 37 POST_UTME_DELSU • 2019 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current input prices are w_L = 10 and w_K = 20, what is the firm's optimal input combination?

A. (L, K) = (100, 100)

Correct Answer B. (L, K) = (200, 50)

C. (L, K) = (50, 200)

D. (L, K) = (0, 0)

Correct Answer

Correct Option:

(L, K) = (200, 50)

This is Post Utme Delsu 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Delsu Commerce examination.

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