Post Utme Babcock University 2019 Economics Question 34
Practice objective / multiple choice question 34 from the 2019 Post Utme Babcock University Economics examination.
A firm produces two goods, A and B, u\sing two inputs, labor and capital. The production function for good A is Q_A = 2L + 3K, and the production function for good B is Q_B = 4L + 2K. If the firm increases its labor by 20% and its capital by 15%, what is the new output of good B?
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About This Question
This is Post Utme Babcock University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.
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