Post Utme Bsu 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Bsu Commerce examination.

Post Utme Bsu 2018 Commerce Objective / Multiple Choice
Question 34 POST_UTME_BSU • 2018 • COMMERCE • objective

A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm wants to increase its output by 20% while keeping labor input constant at 100 units, what should be the new capital input?

Answer Options

A. ₦150
Correct Answer B. ₦200
C. ₦250
D. ₦300
Correct Answer
B
Correct Option:
₦200

About This Question

This is Post Utme Bsu 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Bsu Commerce examination.

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