Post Utme Lautech 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Lautech Economics examination.

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_LAUTECH • 2017 • ECONOMICS • objective

A firm's production function is given by \( Q = 2L^2 + 3K^2 \), where Q is the quantity produced, L is labor and K is capital. If the firm uses 4 units of labor and 3 units of capital, calculate the quantity produced.

Answer Options

Correct Answer A. ( 2(4)^2 + 3(3)^2 = 32 + 27 = 59 )
B. ( 2(4)^2 + 3(3)^2 = 32 + 27 = 59 )
C. ( 2(4)^2 + 3(3)^2 = 32 + 27 = 59 )
D. ( 2(4)^2 + 3(3)^2 = 32 + 27 = 59 )
Correct Answer
A
Correct Option:
( 2(4)^2 + 3(3)^2 = 32 + 27 = 59 )

About This Question

This is Post Utme Lautech 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.

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