Post Utme Esut 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. The firm's \cost function is given by C = 10L + 20K. What is the firm's profit-maximizing level of labor?

Answer Options

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

About This Question

This is Post Utme Esut 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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