Post Utme Delsu 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A firm is producing a good with a production function of Q = 2L + 3K, where L is labor and K is capital. If the price of labor is $10 per hour and the price of capital is $20 per hour, and the firm is currently producing 100 units of the good, what is the opportunity \cost of producing one more unit of the good?

Answer Options

A. The opportunity \cost of producing one more unit of the good is $20.
Correct Answer B. The opportunity \cost of producing one more unit of the good is $30.
C. The opportunity \cost of producing one more unit of the good is $40.
D. The opportunity \cost of producing one more unit of the good is $50.
Correct Answer
B
Correct Option:
The opportunity \cost of producing one more unit of the good is $30.

About This Question

This is Post Utme Delsu 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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