Post Utme Eksu 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's labor and capital are ₦100 and ₦150 respectively, what is the firm's output?

Answer Options

A. ₦250
B. ₦300
Correct Answer C. ₦350
D. ₦400
Correct Answer
C
Correct Option:
₦350

About This Question

This is Post Utme Eksu 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Eksu 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