Post Utme Esut 2023 Economics Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 21 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase output by 20% while keeping labor cons\tant, by how much should it increase capital?

Answer Options

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

About This Question

This is Post Utme Esut 2023 Economics Question 21. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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