Post Utme Rsu 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice

Question 27 POST_UTME_RSU • 2022 • ECONOMICS • objective

A firm has a production function Q = 2L^0.5K^0.5. The price of L is $10 and the price of K is $20. What is the firm's \cost-minimizing input combination?

Correct Answer A. $ L = 100, K = 50 $

B. $ L = 50, K = 100 $

C. $ L = 200, K = 25 $

D. $ L = 25, K = 200 $

Correct Answer

Correct Option:

$ L = 100, K = 50 $

This is Post Utme Rsu 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

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