Post Utme Bsu 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Bsu Commerce examination.

Post Utme Bsu 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2018 • COMMERCE • objective

A producer of goods has a production function given by Q = 2L^0.5 * K^0.5. If the producer wants to increase the output by 20% and the current level of capital is 100, what should be the new level of labor?

Answer Options

A. 50
B. 60
Correct Answer C. 70
D. 80
Correct Answer
C
Correct Option:
70

About This Question

This is Post Utme Bsu 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Bsu Commerce examination.

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