Post Utme Nile University 2023 Economics Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

A country has a production function given by Q = 100L + 20K, where Q is the total output and L and K are labor and capital respectively. If the country has 10 units of labor and 5 units of capital, what is the total output?

Answer Options

A. 1000
B. 1100
Correct Answer C. 1200
D. 1300
Correct Answer
C
Correct Option:
1200

About This Question

This is Post Utme Nile University 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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