Post Utme Delsu 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Delsu Economics examination.

Post Utme Delsu 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_DELSU • 2023 • ECONOMICS • objective

A firm has a production function given by \( Q = 2L + 3K \). If the firm's \cost function is given by \( C = 10L + 20K \), what is the firm's optimal input bundle?

Answer Options

A. L = 10, K = 20
B. L = 20, K = 10
Correct Answer C. L = 15, K = 15
D. L = 25, K = 5
Correct Answer
C
Correct Option:
L = 15, K = 15

About This Question

This is Post Utme Delsu 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Delsu Economics examination.

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