Post Utme Oau 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_OAU • 2023 • ECONOMICS • objective

A firm is producing a good with a production function Q = 2L^0.5K^0.5, where L is labor and K is capital. If the firm increases labor from 100 to 121 units, and capital remains cons\tant at 400 units, what is 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 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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