Post Utme Aaua 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Aaua Economics examination.

Post Utme Aaua 2020 Economics Objective / Multiple Choice
Question 9 POST_UTME_AAUA • 2020 • ECONOMICS • objective

The production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the labor and capital are increased by 10% and 20% respectively, the new output will be

Answer Options

A. 1.2Q
B. 1.4Q
Correct Answer C. 1.6Q
D. 2Q
Correct Answer
C
Correct Option:
1.6Q

About This Question

This is Post Utme Aaua 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.

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