Post Utme Achievers University 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a production function given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm has 100 units of labor and 50 units of capital, what is the total product of labor?

Answer Options

A. 100
B. 150
Correct Answer C. 200
D. 250
Correct Answer
C
Correct Option:
200

About This Question

This is Post Utme Achievers University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.

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