Post Utme Esut 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_ESUT • 2021 • ECONOMICS • objective

A firm's production function is given by Q = 2K^\( 1/2 \)L^\( 1/2 \). If the firm increases its labor from 400 to 900, and capital remains cons\tant at 400, what is the percentage increase in output?

Answer Options

A. 20%
B. 30%
Correct Answer C. 40%
D. 50%
Correct Answer
C
Correct Option:
40%

About This Question

This is Post Utme Esut 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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