Post Utme Unn 2018 Commerce Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Unn Commerce examination.

Post Utme Unn 2018 Commerce Objective / Multiple Choice
Question 2 POST_UTME_UNN • 2018 • COMMERCE • objective

A company has a production function (Q = 2L^{0.5}K^{0.5}), where (L) is labor and (K) is capital. If the company wants to produce 100 units of output, how much labor and capital should it employ?

Answer Options

A. (L = 10, K = 10)
B. (L = 20, K = 5)
C. (L = 5, K = 20)
Correct Answer D. (L = 15, K = 15)
Correct Answer
D
Correct Option:
(L = 15, K = 15)

About This Question

This is Post Utme Unn 2018 Commerce Question 2. It is one of the objective questions from the 2018 Post Utme Unn Commerce examination.

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