Post Utme Futa 2022 Geography Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Futa Geography examination.

Post Utme Futa 2022 Geography Objective / Multiple Choice
Question 14 POST_UTME_FUTA • 2022 • GEOGRAPHY • objective

A firm is producing a good with a production function of Q = 2L + 3K, where L is labor and K is capital. If the price of labor is ₦50 per unit and the price of capital is ₦100 per unit, find the optimal level of labor and capital.

Answer Options

Correct Answer A. L=10, K=5
B. L=5, K=10
C. L=15, K=3
D. L=20, K=2
Correct Answer
A
Correct Option:
L=10, K=5

About This Question

This is Post Utme Futa 2022 Geography Question 14. It is one of the objective questions from the 2022 Post Utme Futa Geography examination.

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