Post Utme Greenfield University 2019 Commerce Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2019 Commerce Objective / Multiple Choice
Question 2 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • COMMERCE • objective

A company's production function is given by Q = 2L^0.5 + 3K^0.5, where Q is the quantity produced, L is labor, and K is capital. If the company wants to produce 10 units of output, how much labor should it hire if it has 4 units of capital?

Answer Options

A. 2 units
B. 4 units
Correct Answer C. 6 units
D. 8 units
Correct Answer
C
Correct Option:
6 units

About This Question

This is Post Utme Greenfield University 2019 Commerce Question 2. It is one of the objective questions from the 2019 Post Utme Greenfield University Commerce examination.

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