Post Utme Greenfield University 2017 Economics Question 25
Practice objective / multiple choice question 25 from the 2017 Post Utme Greenfield University Economics examination.
A firm is producing a good u\sing two inputs, labor and capital. The production function for the good is given by Q = 2L^0.5K^0.5, where Q is the quantity of the good produced, L is the amount of labor used, and K is the amount of capital used. If the firm is currently u\sing 100 units of labor and 200 units of capital, and the price of the good is ₦100 per unit, what is the total revenue of the firm?
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About This Question
This is Post Utme Greenfield University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.
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