Post Utme Crawford University 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)H^\( 1/2 \), where L is labor and H is capital. If the firm's current input levels are L = 4 and H = 9, calculate the total product (TP) and the total product curve (TPC).

Answer Options

Correct Answer A. TP = 18, TPC = 2L^\( 1/2 \)H^\( 1/2 \)
B. TP = 12, TPC = 2L^\( 1/2 \)H^\( 1/2 \)
C. TP = 15, TPC = 2L^\( 1/2 \)H^\( 1/2 \)
D. TP = 20, TPC = 2L^\( 1/2 \)H^\( 1/2 \)
Correct Answer
A
Correct Option:
TP = 18, TPC = 2L^\( 1/2 \)H^\( 1/2 \)

About This Question

This is Post Utme Crawford University 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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