Post Utme Esut 2018 Economics Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice
Question 18 POST_UTME_ESUT • 2018 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \). If the firm's output is 100 units and the wage rate is ₦10 per hour, find the optimal level of capital.

Answer Options

A. ₦500
B. ₦600
Correct Answer C. ₦700
D. ₦800
Correct Answer
C
Correct Option:
₦700

About This Question

This is Post Utme Esut 2018 Economics Question 18. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support