Post Utme Eksu 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Eksu Economics examination.

Post Utme Eksu 2019 Economics Objective / Multiple Choice
Question 37 POST_UTME_EKSU • 2019 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \). If the firm's \cost function is given by \( C = 2L + 3K \), what is the firm's profit-maximizing level of L and K?

Answer Options

A. L = 1, K = 1
Correct Answer B. L = 2, K = 2
C. L = 3, K = 3
D. L = 4, K = 4
Correct Answer
B
Correct Option:
L = 2, K = 2

About This Question

This is Post Utme Eksu 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Eksu Economics examination.

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