Post Utme Noun 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Noun Commerce examination.

Post Utme Noun 2021 Commerce Objective / Multiple Choice
Question 38 POST_UTME_NOUN • 2021 • COMMERCE • objective

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

Answer Options

A. 10 units of labor
Correct Answer B. 20 units of labor
C. 30 units of labor
D. 40 units of labor
Correct Answer
B
Correct Option:
20 units of labor

About This Question

This is Post Utme Noun 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Noun Commerce examination.

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