Post Utme Unn 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNN • 2019 • ECONOMICS • objective

A firm is producing a good with a production function given by Q = 2L^2 + 3K. The prices of labor and capital are $5 and $10 respectively. Find the firm's optimal input bundle of labor and capital.

Answer Options

Correct Answer A. L = 5, K = 10
B. L = 10, K = 5
C. L = 15, K = 3
D. L = 3, K = 15
Correct Answer
A
Correct Option:
L = 5, K = 10

About This Question

This is Post Utme Unn 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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