Post Utme Ui 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_UI • 2018 • ECONOMICS • objective

A firm has a production function F(L,K) = 2L + 3K. If the prices of labor and capital are ₦10 and ₦20 respectively, and the firm has a budget of ₦100, find the optimal input combination.

Answer Options

A. (5,5)
Correct Answer B. (10,2)
C. (15,1)
D. (20,0)
Correct Answer
B
Correct Option:
(10,2)

About This Question

This is Post Utme Ui 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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