Post Utme Uniosun 2018 General Studies Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Uniosun General Studies examination.

Post Utme Uniosun 2018 General Studies Objective / Multiple Choice
Question 3 POST_UTME_UNIOSUN • 2018 • GENERAL STUDIES • objective

A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the resulting change in output?

Answer Options

A. 10% increase
Correct Answer B. 15% increase
C. 20% increase
D. 25% increase
Correct Answer
B
Correct Option:
15% increase

About This Question

This is Post Utme Uniosun 2018 General Studies Question 3. It is one of the objective questions from the 2018 Post Utme Uniosun General Studies examination.

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