Post Utme Ksu 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_KSU • 2023 • ECONOMICS • objective

A firm is producing a good u\sing the production function Q = 3L^0.7K^0.3. If the firm wants to increase its output by 15% while keeping the labor cons\tant at 25 units, what percentage increase in capital is required?

Answer Options

A. 12%
Correct Answer B. 18%
C. 22%
D. 28%
Correct Answer
B
Correct Option:
18%

About This Question

This is Post Utme Ksu 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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