Post Utme Lead City University 2019 Commerce Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2019 Commerce Objective / Multiple Choice

Question 3 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, how many units of labor (L) and capital (K) should it hire?

Answer Options

A. L = 4, K = 4

Correct Answer B. L = 8, K = 2

C. L = 2, K = 8

D. L = 1, K = 16

Correct Answer

Correct Option:

L = 8, K = 2

About This Question

This is Post Utme Lead City University 2019 Commerce Question 3. It is one of the objective questions from the 2019 Post Utme Lead City University Commerce examination.

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