Post Utme Summit University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 3L^\( 2/3 \)K^\( 1/3 \). If the firm's current input levels are L = 8 and K = 27, what is the firm's current output level?

Answer Options

A. Q = 24
B. Q = 36
Correct Answer C. Q = 48
D. Q = 60
Correct Answer
C
Correct Option:
Q = 48

About This Question

This is Post Utme Summit University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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