Post Utme Achievers University 2019 Economics Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2019 Economics Objective / Multiple Choice
Question 36 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's labor and capital inputs are doubled, what is the effect on output?

Answer Options

A. Output increases by a factor of 2
B. Output increases by a factor of 4
Correct Answer C. Output increases by a factor of 8
D. Output remains unchanged
Correct Answer
C
Correct Option:
Output increases by a factor of 8

About This Question

This is Post Utme Achievers University 2019 Economics Question 36. It is one of the objective questions from the 2019 Post Utme Achievers University Economics examination.

View More Post Utme Achievers University 2019 Economics Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support