Post Utme Veritas University 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_VERITAS_UNIVERSITY • 2019 • ECONOMICS • objective

A country's agricultural sector is characterized by a production function \( Q = 2L^2 + 3K^2 \). If the country's agricultural sector is subject to a subsidy of ₦100 billion, what is the country's agricultural GDP?

Answer Options

A. ₦1,500 billion
B. ₦1,600 billion
Correct Answer C. ₦1,700 billion
D. ₦1,800 billion
Correct Answer
C
Correct Option:
₦1,700 billion

About This Question

This is Post Utme Veritas University 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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