Post Utme Mountain Top University 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^2 + 3K, where Q is the output, L is the labor and K is the capital. If the firm wants to produce 100 units of output, how much labor and capital should it hire?

Answer Options

A. L = 5, K = 10
B. L = 10, K = 20
Correct Answer C. L = 15, K = 30
D. L = 20, K = 40
Correct Answer
C
Correct Option:
L = 15, K = 30

About This Question

This is Post Utme Mountain Top University 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.

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