Post Utme Mountain Top University 2018 Commerce Question 7
Practice objective / multiple choice question 7 from the 2018 Post Utme Mountain Top University Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is the quantity produced, L is labor and K is capital. If the firm wants to produce 16 units of output, how many units of labor are needed if the capital is 4?
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About This Question
This is Post Utme Mountain Top University 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.
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