Post Utme Wellspring University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's production function is given by the equation Q = 2L + 3K, where Q is the output, L is the labor, and K is the capital. If the labor is 10 units and the capital is 5 units, what is the output?

Answer Options

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

About This Question

This is Post Utme Wellspring University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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