Post Utme Rsu 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Rsu Economics examination.

Post Utme Rsu 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_RSU • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a given production function Q = 2L^0.5K^0.5. If the firm's current input prices are w = ₦100 and r = ₦200, calculate the firm's optimal input combination (L, K) u\sing the Hotelling's Lemma.

Answer Options

Correct Answer A. \( L = 100, K = 50 \)
B. \( L = 50, K = 100 \)
C. \( L = 200, K = 100 \)
D. \( L = 100, K = 200 \)
Correct Answer
A
Correct Option:
\( L = 100, K = 50 \)

About This Question

This is Post Utme Rsu 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Rsu Economics examination.

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