Post Utme Ims U 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 3L^\( 1/3 \)K^\( 2/3 \), where L is labor and K is capital. If the firm's current labor and capital inputs are L = 27 and K = 8, respectively, what is the firm's current output?

Answer Options

A. 27
B. 36
Correct Answer C. 54
D. 72
Correct Answer
C
Correct Option:
54

About This Question

This is Post Utme Ims U 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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