Post Utme Rsu 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K, where L and K are the quantities of labor and capital, respectively. If the firm's \cost function is given by C = 10L + 20K, what is the profit-maximizing level of output?

Answer Options

A. Q = 10
B. Q = 20
Correct Answer C. Q = 30
D. Q = 40
Correct Answer
C
Correct Option:
Q = 30

About This Question

This is Post Utme Rsu 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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