Post Utme Lautech 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's labor and capital are ₦200 and ₦300 respectively, what is the firm's output?

Answer Options

A. ₦400
B. ₦500
Correct Answer C. ₦600
D. ₦700
Correct Answer
C
Correct Option:
₦600

About This Question

This is Post Utme Lautech 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Lautech Economics 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