Post Utme Ksu 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Ksu Economics examination.

Post Utme Ksu 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_KSU • 2022 • ECONOMICS • objective

A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 2L^0.5K^0.5. The firm's budget constraint is given by 10L + 20K = 100. What is the firm's optimal input mix?

Answer Options

Correct Answer A. L = 5, K = 2
B. L = 2, K = 5
C. L = 10, K = 10
D. L = 20, K = 5
Correct Answer
A
Correct Option:
L = 5, K = 2

About This Question

This is Post Utme Ksu 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Ksu Economics examination.

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