Post Utme Ksu 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 33 POST_UTME_KSU • 2020 • ECONOMICS • 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 percentage change in output?

Answer Options

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

About This Question

This is Post Utme Ksu 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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