Post Utme Ims U 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A firm's production function is given by \( Q = 100K^{0.5}L^{0.5} \). If the firm's output is 100 units and the wage rate is ₦100 per unit, find the value of the capital stock.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Ims U 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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