Post Utme Pan Atlantic University 2025 Economics Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2025 Economics Objective / Multiple Choice

Question 11 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the \cost-minimizing input combination for a level of output Q = 100 units.

Answer Options

A. L = 100 units, K = 50 units

Correct Answer B. L = 50 units, K = 100 units

C. L = 200 units, K = 100 units

D. L = 100 units, K = 200 units

Correct Answer

Correct Option:

L = 50 units, K = 100 units

About This Question

This is Post Utme Pan Atlantic University 2025 Economics Question 11. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Economics examination.

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