Post Utme Ksu 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_KSU • 2023 • ECONOMICS • objective

A firm is producing a good u\sing two inputs, labor and capital. The production function is given by \( Q = 10L^0.5K^0.5 \). If the firm wants to produce 100 units of the good, how much labor should it hire if it has already hired 10 units of capital?

Answer Options

A. 20 units of labor
B. 30 units of labor
Correct Answer C. 40 units of labor
D. 50 units of labor
Correct Answer
C
Correct Option:
40 units of labor

About This Question

This is Post Utme Ksu 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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