Post Utme Osustech 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice

Question 34 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. The firm's current inputs are L = 16 and K = 9. What is the firm's total product (TP) and total \cost (TC)?

Answer Options

A. TP = 20, TC = 30

Correct Answer B. TP = 30, TC = 40

C. TP = 40, TC = 50

D. TP = 50, TC = 60

Correct Answer

Correct Option:

TP = 30, TC = 40

About This Question

This is Post Utme Osustech 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

View More Post Utme Osustech 2023 Economics Questions More Post Utme Osustech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support