Post Utme Ims U 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A firm produces a product u\sing two inputs, labor and capital. The production function is given by \( Q = 2L^{0.5}K^{0.5} \). If the firm's \cost function is given by \( C = 10L + 20K \), find the firm's optimal input bundle of labor and capital.

Answer Options

Correct Answer A. L = 100, K = 50
B. L = 50, K = 100
C. L = 20, K = 200
D. L = 10, K = 400
Correct Answer
A
Correct Option:
L = 100, K = 50

About This Question

This is Post Utme Ims U 2025 Economics Question 3. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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