Post Utme Greenfield University 2024 Commerce Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2024 Commerce Objective / Multiple Choice
Question 18 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • COMMERCE • objective

A company has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the amount of labor used, and K is the amount of capital used. If the company uses 100 units of labor and 200 units of capital, what is the total product of labor?

Answer Options

A. 200
Correct Answer B. 400
C. 600
D. 800
Correct Answer
B
Correct Option:
400

About This Question

This is Post Utme Greenfield University 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.

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