Post Utme Ims U 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Ims U Economics examination.

Post Utme Ims U 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2017 • ECONOMICS • objective

A firm's production function is given by the equation \( Q = 2L^2 + 3K^2 \), where (L) and (K) are the quantities of labor and capital respectively. If the firm's output is 100 units and the price of labor is ₦10 per unit, what is the optimal quantity of capital?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Ims U 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Ims U Economics examination.

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