Post Utme Uniosun 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A firm faces a production function given by Q = 2L + 3K. If the firm's \cost function is given by C = 10L + 20K, what is the firm's optimal input mix?

Answer Options

Correct Answer A. L = 5, K = 10
B. L = 10, K = 5
C. L = 15, K = 0
D. L = 0, K = 20
Correct Answer
A
Correct Option:
L = 5, K = 10

About This Question

This is Post Utme Uniosun 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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