Post Utme Aaua 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Aaua Economics examination.

Post Utme Aaua 2019 Economics Objective / Multiple Choice

Question 23 POST_UTME_AAUA • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \). If the firm's labor (L) increases by 20% and its capital (K) remains cons\tant, what will be the effect on its output?

A. Output will increase by 10%

Correct Answer B. Output will increase by 20%

C. Output will remain unchanged

D. Output will decrease by 10%

Correct Answer

Correct Option:

Output will increase by 20%

This is Post Utme Aaua 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Aaua Economics examination.

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