Post Utme Ksu 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice

Question 16 POST_UTME_KSU • 2018 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a production function given by Q = 2L^0.5K^0.5. If the price of the good is $10 and the wage rate is $5 per unit of labor, find the optimal level of labor and capital that the firm should employ.

Correct Answer A. L = 100, K = 100

B. L = 50, K = 50

C. L = 200, K = 200

D. L = 150, K = 150

Correct Answer

Correct Option:

L = 100, K = 100

This is Post Utme Ksu 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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