Post Utme Bsu 2017 Commerce Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Bsu Commerce examination.

Post Utme Bsu 2017 Commerce Objective / Multiple Choice
Question 36 POST_UTME_BSU • 2017 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor and H is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?

Answer Options

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

About This Question

This is Post Utme Bsu 2017 Commerce Question 36. It is one of the objective questions from the 2017 Post Utme Bsu Commerce examination.

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