Post Utme Osustech 2024 Economics Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 39 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A firm faces a production function Q = 2L^0.5K^0.5. If the prices of labor and capital are w = ₦100 and r = ₦200, respectively, find the profit-maximizing values of L and K.

Answer Options

Correct Answer A. \( L = 4, K = 9 \)
B. \( L = 9, K = 4 \)
C. \( L = 16, K = 9 \)
D. \( L = 25, K = 16 \)
Correct Answer
A
Correct Option:
\( L = 4, K = 9 \)

About This Question

This is Post Utme Osustech 2024 Economics Question 39. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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