Post Utme Aaua 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to increase its output by 20% and the labor input is fixed at 100 units, what is the required increase in the capital input?

Answer Options

A. 10% increase
Correct Answer B. 20% increase
C. 30% increase
D. 40% increase
Correct Answer
B
Correct Option:
20% increase

About This Question

This is Post Utme Aaua 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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