Post Utme Greenfield University 2018 Economics Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2018 Economics Objective / Multiple Choice
Question 9 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's output is 100 units and the wage rate is ₦50 per hour, what is the optimal level of capital?

Answer Options

A. ₦100
B. ₦150
Correct Answer C. ₦200
D. ₦250
Correct Answer
C
Correct Option:
₦200

About This Question

This is Post Utme Greenfield University 2018 Economics Question 9. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.

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