Post Utme Eksu 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice

Question 19 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. What is the primary effect of an increase in the capital stock on the firm's output?

Correct Answer A. The firm's output will increase by a larger amount.

B. The firm's output will increase by a smaller amount.

C. The firm's output will remain unchanged.

D. The firm's output will decrease.

Correct Answer

Correct Option:

The firm's output will increase by a larger amount.

This is Post Utme Eksu 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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