Post Utme Unn 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2018 • ECONOMICS • 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 10% and 20% respectively, what will be the effect on the firm's output?

Answer Options

A. Output will increase by 10%
B. Output will increase by 20%
Correct Answer C. Output will increase by 30%
D. Output will remain unchanged
Correct Answer
C
Correct Option:
Output will increase by 30%

About This Question

This is Post Utme Unn 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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