Post Utme Wellspring University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good u\sing the production function Q = 2L^0.5K^0.5. If the firm is currently producing 100 units of output with 100 units of labor and 100 units of capital, calculate the total product and total \cost.

Answer Options

A. TP = 150, TC = 150
Correct Answer B. TP = 200, TC = 200
C. TP = 250, TC = 250
D. TP = 300, TC = 300
Correct Answer
B
Correct Option:
TP = 200, TC = 200

About This Question

This is Post Utme Wellspring University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.

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