Post Utme Uniosun 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNIOSUN • 2022 • ECONOMICS • objective

A firm's production function is given by Q = 3x^2y^2, where Q is output and x and y are inputs. If the firm's output increases by 20% due to an increase in input x, what is the percentage increase in input y?

Answer Options

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

About This Question

This is Post Utme Uniosun 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Uniosun Economics examination.

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