Post Utme Uniben 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice

Question 13 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A firm is producing a good u\sing a production function given by Q = 2L^0.5K^0.5. The firm's \cost function is C = 10L + 20K. What is the firm's optimal input combination?

Answer Options

Correct Answer A. L = 4, K = 9

B. L = 9, K = 4

C. L = 16, K = 1

D. L = 1, K = 16

Correct Answer

Correct Option:

L = 4, K = 9

About This Question

This is Post Utme Uniben 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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