Post Utme Oau 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Oau Economics examination.

Post Utme Oau 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_OAU • 2019 • ECONOMICS • objective

A firm is producing a good with the following production function: Q = 2L^0.5K^0.5. The firm's \cost function is given by C(L, K) = 10L + 20K. What is the firm's profit-maximizing input combination?

Answer Options

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

About This Question

This is Post Utme Oau 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Oau Economics examination.

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