Post Utme Uniben 2024 Commerce Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Uniben Commerce examination.

Post Utme Uniben 2024 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UNIBEN • 2024 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to increase its output by 20%, what should it do to its inputs?

Answer Options

A. Increase labor by 10% and keep capital constant
B. Increase capital by 10% and keep labor constant
Correct Answer C. Increase both labor and capital by 10%
D. Decrease both labor and capital by 10%
Correct Answer
C
Correct Option:
Increase both labor and capital by 10%

About This Question

This is Post Utme Uniben 2024 Commerce Question 13. It is one of the objective questions from the 2024 Post Utme Uniben Commerce examination.

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