Post Utme Lead City University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by the equation Q = 2L^2 + 3K, where Q is the quantity produced, L is the number of labor units, and K is the number of capital units. If the firm wants to produce 100 units of output, how many labor units are required if the number of capital units is 5?

Answer Options

A. 10 labor units
Correct Answer B. 20 labor units
C. 30 labor units
D. 40 labor units
Correct Answer
B
Correct Option:
20 labor units

About This Question

This is Post Utme Lead City University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Lead City University 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