Post Utme Ui 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_UI • 2020 • ECONOMICS • objective

A firm is producing a good with the following production function: Q = 2L^0.5K^0.5. If the firm increases its labor input from 100 units to 120 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 Ui 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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