Post Utme Unn 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice

Question 3 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^2 + 3K. If the firm's \cost function is given by C(L, K) = 10L + 20K, find the firm's optimal input levels.

Correct Answer A. L = 2, K = 3

B. L = 3, K = 4

C. L = 4, K = 5

D. L = 5, K = 6

Correct Answer

Correct Option:

L = 2, K = 3

This is Post Utme Unn 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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