Post Utme Uniosun 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice

Question 35 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. The firm's \cost function is given by C = 10L + 20K. What is the firm's profit-maximizing level of labor and capital?

Answer Options

Correct Answer A. L = 5, K = 10

B. L = 10, K = 5

C. L = 15, K = 0

D. L = 0, K = 15

Correct Answer

Correct Option:

L = 5, K = 10

About This Question

This is Post Utme Uniosun 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

View More Post Utme Uniosun 2020 Economics Questions More Post Utme Uniosun Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support