Post Utme Rhema University 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice

Question 35 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good u\sing a production function given by \( Q = 2L^2 + 3K \). The firm's revenue function is given by \( R = 100Q \). Find the profit-maximizing input bundle.

Answer Options

Correct Answer A. L = 2, K = 1

B. L = 1, K = 2

C. L = 3, K = 0

D. L = 0, K = 3

Correct Answer

Correct Option:

L = 2, K = 1

About This Question

This is Post Utme Rhema University 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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