Post Utme Futa 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Futa Economics examination.

Post Utme Futa 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_FUTA • 2022 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^{0.5}K^{0.5} \). If the firm's output is 100 units and the price of labor is ₦10 per unit, find the firm's optimal level of capital.

Answer Options

A. 100 units of capital
B. 150 units of capital
Correct Answer C. 200 units of capital
D. 250 units of capital
Correct Answer
C
Correct Option:
200 units of capital

About This Question

This is Post Utme Futa 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.

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