Post Utme Madonna University 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's \cost function is C = 10L + 20K, what is the firm's profit-maximizing level of labor?

Answer Options

A. L = 5
Correct Answer B. L = 10
C. L = 15
D. L = 20
Correct Answer
B
Correct Option:
L = 10

About This Question

This is Post Utme Madonna University 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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