Post Utme Futa 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Futa Economics examination.

Post Utme Futa 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_FUTA • 2022 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm increases its capital from 100 to 200, and labor from 100 to 200, what will happen to its output?

Answer Options

A. Output will increase by 50%
Correct Answer B. Output will increase by 100%
C. Output will remain the same
D. Output will decrease by 50%
Correct Answer
B
Correct Option:
Output will increase by 100%

About This Question

This is Post Utme Futa 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.

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