Post Utme Delsu 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Delsu Economics examination.

Post Utme Delsu 2025 Economics Objective / Multiple Choice

Question 4 POST_UTME_DELSU • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦50 per unit and the price of capital is ₦100 per unit, what is the \cost-minimizing combination of labor and capital?

A. L = 10, K = 20

Correct Answer B. L = 20, K = 10

C. L = 30, K = 5

D. L = 5, K = 30

Correct Answer

Correct Option:

L = 20, K = 10

This is Post Utme Delsu 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Delsu Economics examination.

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