Post Utme Oau 2024 Commerce Question 36
Practice objective / multiple choice question 36 from the 2024 Post Utme Oau Commerce examination.
A firm specializes in producing a single product, which is sold in both domestic and foreign markets. The firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor and capital inputs are 100 and 400, respectively, what is the quantity produced?
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About This Question
This is Post Utme Oau 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Oau Commerce examination.
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