Post Utme Achievers University 2025 Economics Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2025 Economics Objective / Multiple Choice
Question 25 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's production function is given by Q = 2K^2L^2. If the firm's capital stock increases by 20% and labor increases by 10%, what is the percentage change in output?

Answer Options

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

About This Question

This is Post Utme Achievers University 2025 Economics Question 25. It is one of the objective questions from the 2025 Post Utme Achievers University Economics examination.

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