Post Utme Unilag 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNILAG • 2017 • ECONOMICS • objective

A firm is producing a good with a production function Q = 2L^0.5K^0.5. If the firm increases its labor input by 20% and keeps its capital input cons\tant, what will happen to its output?

Answer Options

A. Output will increase by 10%
Correct Answer B. Output will increase by 20%
C. Output will remain the same
D. Output will decrease by 10%
Correct Answer
B
Correct Option:
Output will increase by 20%

About This Question

This is Post Utme Unilag 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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