Post Utme Unn 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNN • 2018 • ECONOMICS • objective

A firm is producing a good with the following production function: Q = 2L^2 + 3K. The firm's \cost function is C(L, K) = 2L + 3K. What is the firm's optimal input bundle of labor (L) and capital (K)?

Answer Options

A. (5, 10)
Correct Answer B. (10, 5)
C. (15, 3)
D. (20, 2)
Correct Answer
B
Correct Option:
(10, 5)

About This Question

This is Post Utme Unn 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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