Post Utme Wellspring University 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's budget constraint is given by 2L + 3K = 100, where L is the labor and K is the capital. If the firm uses 50 units of labor, what is the maximum amount of capital it can use?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Wellspring University 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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