A particle of mass $m$ moves under an attractive central force $Kr^4$ with angular momentum $L.$ For what energy will the motion be circular and what is the radius of the circle?
In order to find the radius I have been taught to use $F=ma$, multiply by $\dot r$ and then integrate. Then set $\frac{dV}{dr}=0.$ I have done what I can of this below.
Set $r^2\dot\theta=h.$
$$Kr^4=m(\ddot r-r\ddot\theta^2)$$
$$\Rightarrow Kr^4=m\bigg(\ddot r-\frac{h^2}{r^3}\bigg)$$
$$\Rightarrow Kr^4\dot r=mr\dot r -\frac{h^2}{r^3}\dot r$$
$$\frac{Kr^5}{5}=\frac{1}{2}\dot r^2+\frac{h^2}{2r^2}$$
$$\frac{1}{2}m\dot r^2+\frac{h^2}{2r^2}-\frac{kr^5}{5}=0$$
Then $\frac{dV}{dr}=0$ or $\frac{h^2}{r^3}=-Kr^4.$
And so, $$r=\sqrt[7]{\frac{-h^2}{K}}$$
I'm not convinced that this is correct. Could someone verify this and also explain how to go about finding the energy required for circular orbit?
I was worried about stability: I think the simplest approach is to assume a circular orbit (central forces admit circular orbits as solutions) and see where this takes you.
So for a circular orbit, you can set time derivatives for $r$ to zero. Start by equating the centripetal force to the attractive central force (it appears from your question that you have been given the angular momentum $L$ and for a central force $L$ is conserved): $-\frac{m v^2}{r} = Kr^4$ (taking $K -ve$ which is standard for an attractive force), then use $L = mvr$ so that you can write $\frac{m v^2}{r} = \frac{L^2}{m r^3}$ giving $\frac{m v^2}{r} = \frac{L^2}{m r^3}$ and the result for $r$ follows (this seems similar to what you have).
The next thing to check is stability, i.e. what happens when you perturb the orbit by a small amount. The condition for stability. For this have a look at http://www2.ph.ed.ac.uk/~egardi/MfP3-Dynamics/Dynamics_lecture_19.pdf (if you are unhappy with setting the time derivatives of $r$ to zero this may help you for the general case).
When you say "what energy" if you mean the kinetic energy, then this is easily determined from $L$ (which appears to be given) and $r$ (now determined): The (kinetic) energy is given as $T = \frac{1}{2}mv^2 = \frac{L^2}{2mr^2}$ with $L$ given and $r$ given in terms of the constant $K$ and the angular momentum $L$.