Post Utme Futa 2024 Commerce Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 27 POST_UTME_FUTA • 2024 • COMMERCE • objective

A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases its labor input from 4 to 9, and its capital input from 16 to 25, by how much does the quantity produced increase?

Answer Options

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

About This Question

This is Post Utme Futa 2024 Commerce Question 27. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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