Post Utme Delsu 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_DELSU • 2021 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K \). If the price of labor is ₦10 and the price of capital is ₦20, what is the optimal combination of labor and capital?

Answer Options

Correct Answer A. L = 10, K = 5
B. L = 5, K = 10
C. L = 15, K = 3
D. L = 3, K = 15
Correct Answer
A
Correct Option:
L = 10, K = 5

About This Question

This is Post Utme Delsu 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

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