Post Utme Unilorin 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNILORIN • 2017 • ECONOMICS • objective

A firm is producing a good with the following production function: Q = 2L^2 + 3K^2, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm wants to produce 100 units of the good, how many units of labor and capital should it hire?

Answer Options

Correct Answer A. L = 5, K = 3
B. L = 3, K = 5
C. L = 4, K = 4
D. L = 6, K = 2
Correct Answer
A
Correct Option:
L = 5, K = 3

About This Question

This is Post Utme Unilorin 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.

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