Question
A firm’s production function is Q = 10 * L to the
power of 0.5 * K to the power of 0.5. If the firm uses 16 units of Labor and 25 units of Capital, what is the total output?Solution
Plug the values into the function: Q = 10 * (16^0.5) * (25^0.5). Q = 10 * 4 * 5 = 200.
More Microeconomics Section Tests Questions
Consider the following statements about space exploration:
1. The James Webb Space Telescope is designed to observe the infrared universe.
What percentage of the ₹2,000 banknotes in circulation as of May 19, 2023, has been reported as returned by the Reserve Bank of India (RBI) based on t...
Match the following exercises with the participating countries:
- Which pigment is primarily responsible for human skin color?
- Which planet was the first to be discovered through mathematical predictions rather than direct observation?
Match the following economic committees with their primary focus:
Which day is observed as National Unity Day?
- When did the Goods and Services Tax (GST) become operational in India?
- Which articles of the Indian Constitution address the Union Executive?
- Which of the following is situated on India's western coastline?
