Post Utme Ksu 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Ksu Commerce examination.

Post Utme Ksu 2018 Commerce Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2018 • COMMERCE • objective

A firm's production function is given by Q = 2L + 3K. If the price of labor is ₦10 and the price of capital is ₦20, what is the optimal combination of labor and capital?

Answer Options

A. L = 2, K = 1
Correct Answer B. L = 3, K = 2
C. L = 4, K = 3
D. L = 5, K = 4
Correct Answer
B
Correct Option:
L = 3, K = 2

About This Question

This is Post Utme Ksu 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Ksu Commerce examination.

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