Post Utme Greenfield University 2021 Commerce Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2021 Commerce Objective / Multiple Choice
Question 22 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the new level of output?

Answer Options

A. 10
B. 12
Correct Answer C. 15
D. 18
Correct Answer
C
Correct Option:
15

About This Question

This is Post Utme Greenfield University 2021 Commerce Question 22. It is one of the objective questions from the 2021 Post Utme Greenfield University Commerce examination.

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