Post Utme Lead City University 2025 Economics Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 35 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, what is the optimal combination of labor and capital?

Answer Options

Correct Answer A. L = 10, K = 5
B. L = 5, K = 10
C. L = 15, K = 3
D. L = 20, K = 2
Correct Answer
A
Correct Option:
L = 10, K = 5

About This Question

This is Post Utme Lead City University 2025 Economics Question 35. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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