Post Utme Aaua 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_AAUA • 2022 • ECONOMICS • objective

Consider a firm producing two goods, X and Y, with the following production function: Q_x = 2L^0.5K^0.5 and Q_y = 3L^0.25K^0.75. If the firm's current input levels are L = 4 and K = 9, calculate the total product of capital.

Answer Options

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

About This Question

This is Post Utme Aaua 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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