Post Utme Coal City University 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a production function Q = 2L^0.5K^0.5. If the firm's current output is 16 units, and the price per unit is ₦100, what is the firm's total revenue?

Answer Options

A. ₦1600
Correct Answer B. ₦3200
C. ₦6400
D. ₦12800
Correct Answer
B
Correct Option:
₦3200

About This Question

This is Post Utme Coal City University 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Coal City 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