Post Utme Esut 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 2022 • ECONOMICS • objective

A firm's production function is given by the equation Q = 2L^0.5, where Q is the quantity produced and L is the labor input. If the firm wants to increase production by 20%, what is the percentage change in labor input?

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 Esut 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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