Post Utme Eksu 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A firm is producing a good with the following production function: Q = 2L^0.5K^0.5. If the price of the good is $10 and the price of labor is $5, what is the optimal level of capital to be employed?

Answer Options

Correct Answer A. 10 units
B. 20 units
C. 30 units
D. 40 units
Correct Answer
A
Correct Option:
10 units

About This Question

This is Post Utme Eksu 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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