Post Utme Uniben 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \). If the firm's output is 100 units and the price of labor is ₦10 per unit and the price of capital is ₦20 per unit, find the firm's optimal input bundle of labor and capital.

Answer Options

A. (10, 5)
B. (5, 10)
Correct Answer C. (15, 7.5)
D. (7.5, 15)
Correct Answer
C
Correct Option:
(15, 7.5)

About This Question

This is Post Utme Uniben 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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