Post Utme Madonna University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's production function is represented by the equation: Q = 2L + 3K. If the firm's labor input is 4 units and its capital input is 2 units, what is the total output?

Answer Options

A. 8
B. 10
C. 12
D. 14
Correct Answer
10

About This Question

This is Post Utme Madonna University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Madonna 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