Post Utme Eksu 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's \cost function is given by C = 10L + 20K, what is the firm's profit-maximizing level of output?

Answer Options

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

About This Question

This is Post Utme Eksu 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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