Post Utme Aaua 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice

Question 34 POST_UTME_AAUA • 2022 • ECONOMICS • objective

A firm is producing a good with a production function Q = 2L^0.5K^0.5. If the firm's current input levels are L = 4 and K = 9, calculate the total product of labor.

Correct Answer A. \( Q = 2L^{0.5}K^{0.5} = 2\( 4 \ \)^{0.5}(9)^{0.5} = 12 )

B. \( Q = 2L^{0.5}K^{0.5} = 2\( 4 \ \)^{0.5}(9)^{0.5} = 24 )

C. \( Q = 2L^{0.5}K^{0.5} = 2\( 4 \ \)^{0.5}(9)^{0.5} = 36 )

D. \( Q = 2L^{0.5}K^{0.5} = 2\( 4 \ \)^{0.5}(9)^{0.5} = 48 )

Correct Answer

Correct Option:

\( Q = 2L^{0.5}K^{0.5} = 2\( 4 \ \)^{0.5}(9)^{0.5} = 12 )

This is Post Utme Aaua 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support