Post Utme Covenant University 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 100K^\( 1/2 \), where Q is the quantity produced and K is the capital stock. If the firm's capital stock is ₦100 million, what is the quantity produced?

Answer Options

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

About This Question

This is Post Utme Covenant University 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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