Post Utme Uniport 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Uniport Economics examination.

Post Utme Uniport 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNIPORT • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's output is 100 units and the wage rate is ₦20 per unit of labor, find the optimal level of capital.

Answer Options

A. K = 10
Correct Answer B. K = 20
C. K = 30
D. K = 40
Correct Answer
B
Correct Option:
K = 20

About This Question

This is Post Utme Uniport 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Uniport Economics examination.

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