Post Utme Abu 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Abu Commerce examination.

Post Utme Abu 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_ABU • 2018 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital invested. If the firm wants to produce 100 units of output, how many labor hours and capital invested are required?

Answer Options

A. L = 25, K = 25
Correct Answer B. L = 50, K = 50
C. L = 100, K = 100
D. L = 200, K = 200
Correct Answer
B
Correct Option:
L = 50, K = 50

About This Question

This is Post Utme Abu 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Abu Commerce examination.

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