Post Utme Bsu 2021 Commerce Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Bsu Commerce examination.

Post Utme Bsu 2021 Commerce Objective / Multiple Choice
Question 39 POST_UTME_BSU • 2021 • COMMERCE • objective

A company has a production function 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 company increases labor input from 100 to 121 units, and capital input from 100 to 121 units, by how much will the quantity produced increase?

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 2021 Commerce Question 39. It is one of the objective questions from the 2021 Post Utme Bsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support