Post Utme Oau 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2021 • ECONOMICS • objective

A firm is producing a good with a production function of Q = 2K^\( 1/2 \). If the firm's capital stock increases by 20%, what will be the percentage change in output?

Answer Options

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

About This Question

This is Post Utme Oau 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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