Post Utme Unn 2018 Economics Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice

Question 33 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 (L) increases by 10% and its capital (K) remains cons\tant, what will be the effect on the firm's output?

A. The firm's output will increase by 10%.

Correct Answer B. The firm's output will increase by 20%.

C. The firm's output will remain unchanged.

D. The firm's output will decrease by 10%.

Correct Answer

Correct Option:

The firm's output will increase by 20%.

This is Post Utme Unn 2018 Economics Question 33. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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