Post Utme Wellspring University 2021 Commerce Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2021 Commerce Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • COMMERCE • objective

A company's production function is given by the equation Q = 2L^2 + 5K, where Q is the quantity produced, L is the number of labor hours, and K is the amount of capital. If the company wants to produce 100 units of output, how many labor hours are required if the amount of capital is 10?

Answer Options

A. 20 labor hours
B. 30 labor hours
Correct Answer C. 40 labor hours
D. 50 labor hours
Correct Answer
C
Correct Option:
40 labor hours

About This Question

This is Post Utme Wellspring University 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.

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