Post Utme Bells University 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Bells University Economics examination.

Post Utme Bells University 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_BELLS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the amount of labor used, and K is the amount of capital used. If the firm uses 4 units of labor and 9 units of capital, what is the total product of labor?

Answer Options

A. 8
B. 16
Correct Answer C. 32
D. 64
Correct Answer
C
Correct Option:
32

About This Question

This is Post Utme Bells University 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Bells University Economics examination.

Master the Exam!

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