Post Utme Lasu 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Lasu Economics examination.

Post Utme Lasu 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_LASU • 2019 • ECONOMICS • objective

A firm's production function is given by Q = 2K^\( 1/2 \)L^\( 1/2 \). If the firm's capital stock increases by 25% while keeping labor cons\tant, what is the percentage change in output?

Answer Options

A. 25%
Correct Answer B. 12.5%
C. 50%
D. -12.5%
Correct Answer
B
Correct Option:
12.5%

About This Question

This is Post Utme Lasu 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Lasu Economics examination.

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