Post Utme Wellspring University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is producing a product with a production function given by Q = 2L^2 + 3K. If the firm's output is 100 units and the wage rate is ₦10 per unit of labor, find the firm's optimal level of capital.

Answer Options

Correct Answer A. K = 10
B. K = 20
C. K = 30
D. K = 40
Correct Answer
A
Correct Option:
K = 10

About This Question

This is Post Utme Wellspring University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Wellspring University Economics examination.

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