Post Utme Rhema University 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_RHEMA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the input of labor increases by 50% and the input of capital remains cons\tant, what will be the percentage change in output?

Answer Options

A. 25%
Correct Answer B. 50%
C. 75%
D. 100%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Rhema University 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Rhema University Economics examination.

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