Post Utme Osustech 2023 Commerce Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Osustech Commerce examination.

Post Utme Osustech 2023 Commerce Objective / Multiple Choice
Question 19 POST_UTME_OSUSTECH • 2023 • COMMERCE • objective

A company has the following production function: Q = 2L + 3K. If the price of labor is ₦10 and the price of capital is ₦20, what is the optimal combination of labor and capital?

Answer Options

Correct Answer A. ( L = 2, K = 3 )
B. ( L = 3, K = 2 )
C. ( L = 4, K = 1 )
D. ( L = 1, K = 4 )
Correct Answer
A
Correct Option:
( L = 2, K = 3 )

About This Question

This is Post Utme Osustech 2023 Commerce Question 19. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.

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