Post Utme Rsu 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_RSU • 2023 • ECONOMICS • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor (L) increases by 10% and its capital (K) remains cons\tant, what is the likely outcome for the firm's output (Q)?

Answer Options

Correct Answer A. The firm's output will increase by 10%.
B. The firm's output will decrease by 10%.
C. The firm's output will remain cons\tant.
D. The firm's output will increase by 20%.
Correct Answer
A
Correct Option:
The firm's output will increase by 10%.

About This Question

This is Post Utme Rsu 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

View More Post Utme Rsu 2023 Economics Questions More Post Utme Rsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support