Post Utme Igbinedion University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \). If the firm's \cost function is \( C = 10L + 20K \), find the firm's optimal values of L and K.

Answer Options

Correct Answer A. L = 2, K = 3
B. L = 3, K = 2
C. L = 4, K = 4
D. L = 5, K = 5
Correct Answer
A
Correct Option:
L = 2, K = 3

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

View More Post Utme Igbinedion University 2025 Economics Questions More Post Utme Igbinedion University Practice Questions Back to Questions

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