Post Utme Oau 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Oau Economics examination.

Post Utme Oau 2019 Economics Objective / Multiple Choice

Question 35 POST_UTME_OAU • 2019 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a given production function Q = 2L^0.5H^0.5. If the firm's current input prices are w_L = 10 and w_H = 20, and the current output price is p = 50, calculate the firm's optimal input mix u\sing the method of Lagrange multipliers.

A. L = 4, H = 16

B. L = 16, H = 4

C. L = 8, H = 8

D. L = 2, H = 32

Correct Answer

N/A

This is Post Utme Oau 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Oau Economics examination.

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