Post Utme Crawford University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 100K^\( 1/2 \), where K is the capital stock. If the firm's capital stock increases by 25%, what is the percentage change in output?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Crawford University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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