Post Utme Madonna University 2022 Economics Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2022 Economics Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2022 • ECONOMICS • objective

A firm in Nigeria produces a product u\sing two inputs: labor and capital. The production function is \( Q = 100L^{0.5}K^{0.5} \). If the firm has 100 units of labor and 200 units of capital, find the output.

Answer Options

A. 100 units
B. 200 units
Correct Answer C. 300 units
D. 400 units
Correct Answer
C
Correct Option:
300 units

About This Question

This is Post Utme Madonna University 2022 Economics Question 29. It is one of the objective questions from the 2022 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