Post Utme Osustech 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Osustech Commerce examination.

Post Utme Osustech 2023 Commerce Objective / Multiple Choice
Question 22 POST_UTME_OSUSTECH • 2023 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5 + 3K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm wants to produce 10 units of output, how much labor should it hire?

Answer Options

A. 5 units of labor
Correct Answer B. 10 units of labor
C. 15 units of labor
D. 20 units of labor
Correct Answer
B
Correct Option:
10 units of labor

About This Question

This is Post Utme Osustech 2023 Commerce Question 22. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.

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