Post Utme Lasu 2025 Economics Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 35 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 35. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

View More Post Utme Lasu 2025 Economics Questions More Post Utme Lasu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support