Post Utme Ui 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_UI • 2023 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \). If the firm's output is 100 and the price of labor is 10, what is the firm's optimal level of capital?

Answer Options

Correct Answer A. \( K = 10 \)
B. \( K = 15 \)
C. \( K = 20 \)
D. \( K = 25 \)
Correct Answer
A
Correct Option:
\( K = 10 \)

About This Question

This is Post Utme Ui 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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