Post Utme Eksu 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5 + 3K^0.5. If the firm's input prices are ₦10 per unit of labor and ₦20 per unit of capital, what is the firm's optimal input bundle?

Answer Options

Correct Answer A. L = 100, K = 50
B. L = 50, K = 100
C. L = 200, K = 0
D. L = 0, K = 200
Correct Answer
A
Correct Option:
L = 100, K = 50

About This Question

This is Post Utme Eksu 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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