Waec Model Questions Vol1 2018 Geography Question 18

Practice objective / multiple choice question 18 from the 2018 Waec Model Questions Vol1 Geography examination.

Waec Model Questions Vol1 2018 Geography Objective / Multiple Choice Hard Difficulty
Question 18 WAEC_MODEL_QUESTIONS_VOL1 • 2018 • GEOGRAPHY • objective

A manufacturing firm produces widgets according to the production function Q = 5 L^{0.6} K^{0.4}, where L is the number of workers and K is the number of machines. The firm has a total monthly budget of ₦200,000 for labour and capital. Each worker costs ₦2,000 per month and each machine costs ₦20,000. Labour regulations require at least 30 workers. Determine the numbers of workers and machines that maximise output and state the maximum output (rounded to one decimal place).

Answer Options

A. 55 workers, 5 machines, maximum output ≈98.3 units
Correct Answer B. 60 workers, 4 machines, maximum output ≈101.5 units
C. 65 workers, 3 machines, maximum output ≈102.7 units
D. 50 workers, 6 machines, maximum output ≈95.2 units
Correct Answer
B
Correct Option:
60 workers, 4 machines, maximum output ≈101.5 units

About This Question

This is Waec Model Questions Vol1 2018 Geography Question 18. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Geography examination.

Difficulty level: Hard .

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