Post Utme Osustech 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Osustech Economics examination.

Post Utme Osustech 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_OSUSTECH • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's output is 100 units and the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, what is the firm's optimal combination of labor and capital?

Answer Options

Correct Answer A. L = 20, K = 30
B. L = 30, K = 20
C. L = 40, K = 10
D. L = 10, K = 40
Correct Answer
A
Correct Option:
L = 20, K = 30

About This Question

This is Post Utme Osustech 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Osustech Economics examination.

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