Post Utme Futa 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice

Question 13 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm has a production function given by Q = 2L^2 + 3K. If the firm's \cost of labor is ₦10 per unit and the \cost of capital is ₦20 per unit, what is the firm's optimal level of labor and capital?

Correct Answer A. L = 5, K = 10

B. L = 10, K = 5

C. L = 15, K = 3

D. L = 20, K = 2

Correct Answer

Correct Option:

L = 5, K = 10

This is Post Utme Futa 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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