Post Utme Skyline University 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good u\sing a production function \( Q = 2L^2 + 3K \). If the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, and the firm's revenue is ₦1000, what is the firm's optimal input bundle?

Answer Options

Correct Answer A. (10, 5)
B. (5, 10)
C. (20, 0)
D. (0, 20)
Correct Answer
A
Correct Option:
(10, 5)

About This Question

This is Post Utme Skyline University 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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