Post Utme Mountain Top University 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 37 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)H^\( 1/2 \), where L and H are labor and capital inputs, respectively. If the firm's current inputs are L = 16 and H = 9, calculate the total product (TP) and the total product curve (TPC).

Answer Options

Correct Answer A. TP = 100, TPC = 50
B. TP = 50, TPC = 100
C. TP = 100, TPC = 200
D. TP = 200, TPC = 100
Correct Answer
A
Correct Option:
TP = 100, TPC = 50

About This Question

This is Post Utme Mountain Top University 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.

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