Post Utme Osustech 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice

Question 15 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's \cost function is C = 10L + 20K, what is the optimal input bundle of L and K?

Answer Options

Correct Answer A. L = 2, K = 3

B. L = 3, K = 2

C. L = 4, K = 1

D. L = 5, K = 0

Correct Answer

Correct Option:

L = 2, K = 3

About This Question

This is Post Utme Osustech 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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