Post Utme Bowen University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_BOWEN_UNIVERSITY • 2023 • 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 labor and K is the capital. If the firm uses 100 units of labor and 200 units of capital, what is the quantity produced?

Answer Options

A. 100
B. 200
Correct Answer C. 300
D. 400
Correct Answer
C
Correct Option:
300

About This Question

This is Post Utme Bowen University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Bowen 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