Post Utme Babcock University 2022 Economics Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2022 Economics Objective / Multiple Choice
Question 5 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is operating on a production function with the following equation: Q = 2L^0.5K^0.5. If the firm increases its labor from 4 units to 6 units, what happens to its output?

Answer Options

Correct Answer A. Increases
B. Decreases
C. Remains the same
D. First increases then decreases
Correct Answer
A
Correct Option:
Increases

About This Question

This is Post Utme Babcock University 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Babcock University Economics examination.

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