Post Utme Unn 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm has a production function F(L, K) = L^0.4 K^0.6. If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, find the optimal mix of labor and capital.

Answer Options

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

About This Question

This is Post Utme Unn 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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