Post Utme Lautech 2017 Commerce Question 5
Practice objective / multiple choice question 5 from the 2017 Post Utme Lautech Commerce examination.
A firm has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital invested. If the firm wants to produce 100 units of output, how many labor hours are required if K = 400?
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About This Question
This is Post Utme Lautech 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Lautech Commerce examination.
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