Post Utme Uniben 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A firm is experiencing a 10% increase in demand for its product. The firm's production function is given by Q = 2L^0.5K^0.5. What is the firm's optimal input combination?

Answer Options

A. L = 4, K = 9
Correct Answer B. L = 9, K = 4
C. L = 16, K = 1
D. L = 1, K = 16
Correct Answer
B
Correct Option:
L = 9, K = 4

About This Question

This is Post Utme Uniben 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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