Post Utme Bsu 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice

Question 17 POST_UTME_BSU • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm increases labor by 20% and capital by 15%, what is the percentage change in output?

A. Output increases by 10%

B. Output increases by 20%

Correct Answer C. Output increases by 30%

D. Output remains cons\tant

Correct Answer

Correct Option:

Output increases by 30%

This is Post Utme Bsu 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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