Post Utme Babcock University 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BABCOCK_UNIVERSITY • 2017 • COMMERCE • objective

A firm's production function is given by Q = 2L + 3K. If the firm's labor and capital inputs are increased by 20% and 15% respectively, the new production function will be

Answer Options

Correct Answer A. Q = 2.4L + 3.45K
B. Q = 2.4L + 3.15K
C. Q = 2.2L + 3.45K
D. Q = 2.2L + 3.15K
Correct Answer
A
Correct Option:
Q = 2.4L + 3.45K

About This Question

This is Post Utme Babcock University 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Babcock University Commerce examination.

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