Post Utme Futa 2023 Commerce Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Futa Commerce examination.

Post Utme Futa 2023 Commerce Objective / Multiple Choice
Question 4 POST_UTME_FUTA • 2023 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, how many units of labor (L) and capital (K) should it hire?

Answer Options

A. L = 4, K = 4
Correct Answer B. L = 8, K = 2
C. L = 2, K = 8
D. L = 16, K = 1
Correct Answer
B
Correct Option:
L = 8, K = 2

About This Question

This is Post Utme Futa 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Futa Commerce examination.

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