Post Utme Eksu 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Eksu Economics examination.

Post Utme Eksu 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_EKSU • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the \cost-minimizing combination of labor and capital?

Answer Options

A. L = 4, K = 4
Correct Answer B. L = 2, K = 8
C. L = 8, K = 2
D. L = 16, K = 16
Correct Answer
B
Correct Option:
L = 2, K = 8

About This Question

This is Post Utme Eksu 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Eksu Economics examination.

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