Post Utme Coal City University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5, where Q is the quantity produced and L is the labor input. If the firm wants to produce 16 units of output, how much labor should it hire?

Answer Options

A. 4 units of labor
Correct Answer B. 8 units of labor
C. 16 units of labor
D. 32 units of labor
Correct Answer
B
Correct Option:
8 units of labor

About This Question

This is Post Utme Coal City University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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