Post Utme Lasu 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 33 POST_UTME_LASU • 2025 • ECONOMICS • objective

A firm has a production function given by Q = 2L^2 + 3K. The firm's \cost function is given by C = 2L + 3K. Find the profit-maximizing level of output and the level of output that maximizes profit.

Answer Options

Correct Answer A. Q = 10, L = 5, K = 5
B. Q = 20, L = 10, K = 10
C. Q = 30, L = 15, K = 15
D. Q = 40, L = 20, K = 20
Correct Answer
A
Correct Option:
Q = 10, L = 5, K = 5

About This Question

This is Post Utme Lasu 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

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