Post Utme Osustech 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice

Question 28 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L^2 + 3K, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's \cost function is C = 10L + 20K, what is the optimal input combination?

Answer Options

Correct Answer A. L = 5, K = 10

B. L = 10, K = 5

C. L = 15, K = 0

D. L = 0, K = 15

Correct Answer

Correct Option:

L = 5, K = 10

About This Question

This is Post Utme Osustech 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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