Post Utme Unilorin 2017 Commerce Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 17 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases its labor input from 4 units to 9 units, by how much will its capital input need to increase to maintain the same level of output?

Answer Options

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

About This Question

This is Post Utme Unilorin 2017 Commerce Question 17. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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