Post Utme Ims U 2019 General Studies Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Ims U General Studies examination.

Post Utme Ims U 2019 General Studies Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2019 • GENERAL STUDIES • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to increase its output by 20% while keeping the capital stock constant, what is the required increase in labor?

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 Ims U 2019 General Studies Question 15. It is one of the objective questions from the 2019 Post Utme Ims U General Studies examination.

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