Post Utme Delsu 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice
Question 40 POST_UTME_DELSU • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's input prices are w_L = ₦100 and w_K = ₦200, what is the firm's optimal input bundle?

Answer Options

Correct Answer A. (10 units of L, 20 units of K)
B. (20 units of L, 10 units of K)
C. (15 units of L, 30 units of K)
D. (30 units of L, 15 units of K)
Correct Answer
A
Correct Option:
(10 units of L, 20 units of K)

About This Question

This is Post Utme Delsu 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

View More Post Utme Delsu 2024 Economics Questions More Post Utme Delsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support