Post Utme Oau 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Oau Economics examination.

Post Utme Oau 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_OAU • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor is ₦50 per unit and the price of capital is ₦100 per unit, find the optimal level of labor and capital.

Answer Options

A. L = 100, K = 100
B. L = 50, K = 200
C. L = 200, K = 50
Correct Answer D. L = 150, K = 150
Correct Answer
D
Correct Option:
L = 150, K = 150

About This Question

This is Post Utme Oau 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Oau Economics examination.

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