Post Utme Futa 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's output is 100 units and the wage rate is ₦100 per hour, what is the minimum number of units of capital required?

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 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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