Post Utme Futa 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm produces 100 units and uses 50 units of labor, what is the value of K?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Futa 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Futa 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