Post Utme Lasu 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 20 POST_UTME_LASU • 2023 • ECONOMICS • objective

A firm is producing a good u\sing the production function Q = 3L^0.5K^0.5. The firm's \cost function is C = 2L + 3K. What is the firm's profit-maximizing input bundle?

Answer Options

A. L = 4, K = 4
Correct Answer B. L = 6, K = 2
C. L = 8, K = 1
D. L = 10, K = 0
Correct Answer
B
Correct Option:
L = 6, K = 2

About This Question

This is Post Utme Lasu 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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