Post Utme Osustech 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5 K^0.5. If the firm's labor and capital inputs are increased by 10% and 20% respectively, the new output level will be

Answer Options

A. 1.2 times the original output
Correct Answer B. 1.4 times the original output
C. 1.6 times the original output
D. 2 times the original output
Correct Answer
B
Correct Option:
1.4 times the original output

About This Question

This is Post Utme Osustech 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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