Post Utme Ui 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_UI • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 16 units, what is the firm's optimal combination of labor and capital?

Answer Options

Correct Answer A. (4, 4)
B. (8, 2)
C. (2, 8)
D. (1, 16)
Correct Answer
A
Correct Option:
(4, 4)

About This Question

This is Post Utme Ui 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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