Post Utme Oau 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_OAU • 2023 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \), where ( L ) is labor and ( K ) is capital. If the firm's budget constraint is given by \( 2L + 3K = 100 \), what is the firm's optimal level of labor?

Answer Options

Correct Answer A. \( L^* = 20 \)
B. \( L^* = 30 \)
C. \( L^* = 40 \)
D. \( L^* = 50 \)
Correct Answer
A
Correct Option:
\( L^* = 20 \)

About This Question

This is Post Utme Oau 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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