Post Utme Lasu 2017 Commerce Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Lasu Commerce examination.

Post Utme Lasu 2017 Commerce Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2017 • COMMERCE • objective

A firm's production function is given by (Q = 2L^2 + 3K), where Q is the quantity produced and L and K are the units of labor and capital respectively. If the firm's current level of labor is 5 units and capital is 10 units, what is the firm's current level of production?

Answer Options

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

About This Question

This is Post Utme Lasu 2017 Commerce Question 18. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support