Post Utme Osustech 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A firm's \cost function is given by C(L,K) = 2L^2 + 3K^2, where C is the \cost, L is the labor, and K is the capital. If the firm's output is 100 units, find the labor and capital required.

Answer Options

A. L = 5, K = 5
Correct Answer B. L = 10, K = 5
C. L = 5, K = 10
D. L = 10, K = 10
Correct Answer
B
Correct Option:
L = 10, K = 5

About This Question

This is Post Utme Osustech 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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