Post Utme Eksu 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 20%, what will be the percentage change in output?

Answer Options

A. 10%
B. 20%
Correct Answer C. 30%
D. 40%
Correct Answer
C
Correct Option:
30%

About This Question

This is Post Utme Eksu 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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