Post Utme Skyline University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's production function is given by the equation Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital. If the firm has 100 labor hours and ₦1000 capital, find the quantity produced.

Answer Options

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

About This Question

This is Post Utme Skyline University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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