Post Utme Greenfield University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

The production function for a firm is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm wants to produce 100 units of output, how many units of labor should it hire?

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 Greenfield University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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