Post Utme Ims U 2022 Geography Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Ims U Geography examination.

Post Utme Ims U 2022 Geography Objective / Multiple Choice
Question 31 POST_UTME_IMS_U • 2022 • GEOGRAPHY • objective

A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm's labor and capital inputs are increased by 10% and 20%, respectively, what is the percentage change in output?

Answer Options

A. 5%
B. 10%
Correct Answer C. 15%
D. 20%
Correct Answer
C
Correct Option:
15%

About This Question

This is Post Utme Ims U 2022 Geography Question 31. It is one of the objective questions from the 2022 Post Utme Ims U Geography examination.

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