Post Utme Greenfield University 2023 Commerce Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2023 Commerce Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • COMMERCE • objective

A firm specializes in producing a single product, and its production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor and capital inputs are 100 units each, what is the quantity produced?

Answer Options

Correct Answer A. 1000
B. 500
C. 2000
D. 3000
Correct Answer
A
Correct Option:
1000

About This Question

This is Post Utme Greenfield University 2023 Commerce Question 21. It is one of the objective questions from the 2023 Post Utme Greenfield University Commerce examination.

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