Post Utme Lasu 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice

Question 15 POST_UTME_LASU • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's input prices are L = $10 and K = $20, what is the firm's \cost-minimizing input bundle?

Correct Answer A. L = 10, K = 20

B. L = 20, K = 10

C. L = 30, K = 15

D. L = 15, K = 30

Correct Answer

Correct Option:

L = 10, K = 20

This is Post Utme Lasu 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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