Post Utme Lautech 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice
Question 31 POST_UTME_LAUTECH • 2020 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm increases labor from 4 to 9 units, and capital from 9 to 16 units, by how much does output increase?

Answer Options

A. 10%
B. 20%
Correct Answer C. 30%
D. 40%
Correct Answer
C
Correct Option:
30%

About This Question

This is Post Utme Lautech 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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