Post Utme Ksu 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_KSU • 2024 • ECONOMICS • objective

A firm is considering two production techno\logies: one that uses a lot of labor and another that uses a lot of capital. If the firm's production function is Cobb-Douglas, what will happen to the firm's output if it switches from the labor-intensive techno\logy to the capital-intensive techno\logy?

Answer Options

Correct Answer A. Output will increase
B. Output will decrease
C. Output will remain the same
D. Output will fluctuate
Correct Answer
A
Correct Option:
Output will increase

About This Question

This is Post Utme Ksu 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

View More Post Utme Ksu 2024 Economics Questions More Post Utme Ksu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support