Post Utme Rhema University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's agricultural sector is given by the production function Q = 1000L^0.5K^0.5, where L is labor and K is capital. If the country's labor and capital are given by L = 100 and K = 100, what is the output?

Answer Options

A. 1000
Correct Answer B. 2000
C. 3000
D. 4000
Correct Answer
B
Correct Option:
2000

About This Question

This is Post Utme Rhema University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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