Post Utme Summit University 2018 Commerce Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A company has a production function given by the equation Q = 2L + 3K, where Q is the quantity produced, L is the number of labor units, and K is the number of capital units. If the company wants to produce 10 units of output, how many labor units are required?

Answer Options

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

About This Question

This is Post Utme Summit University 2018 Commerce Question 14. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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