Post Utme Elizade University 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice
Question 40 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A firm has a production function given by Q = 2L + 3K. The firm's \cost function is C(L, K) = 10L + 20K. U\sing the concept of opportunity \cost, find the firm's optimal input combination.

Answer Options

A. L = 5, K = 10
Correct Answer B. L = 10, K = 5
C. L = 15, K = 20
D. L = 20, K = 15
Correct Answer
B
Correct Option:
L = 10, K = 5

About This Question

This is Post Utme Elizade University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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