Post Utme Uniport 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the units of labor, and K is the units of capital. What is the elasticity of supply?

Answer Options

A. 0.5
Correct Answer B. 1
C. 1.5
D. 2
Correct Answer
B
Correct Option:
1

About This Question

This is Post Utme Uniport 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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