Post Utme Al Hikmah University 2018 Commerce Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2018 Commerce Objective / Multiple Choice
Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current output is 16 units, and it wants to increase output by 25%, what is the new value of K?

Answer Options

A. 4
Correct Answer B. 8
C. 16
D. 32
Correct Answer
B
Correct Option:
8

About This Question

This is Post Utme Al Hikmah University 2018 Commerce Question 37. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Commerce examination.

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