Post Utme Afe Babalola University 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm has a production function given by Q = 2L + 3K, where Q is the output, L is the labor, and K is the capital. If the firm wants to produce 100 units of output, how many units of labor and capital are required?

Answer Options

Correct Answer A. L = 40, K = 20
B. L = 30, K = 30
C. L = 20, K = 40
D. L = 10, K = 50
Correct Answer
A
Correct Option:
L = 40, K = 20

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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