Post Utme Aaua 2024 Commerce Question 35
Practice objective / multiple choice question 35 from the 2024 Post Utme Aaua Commerce examination.
A firm's production function is given by the equation Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm increases labor by 20% and capital by 15%, what is the resulting change in output?
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About This Question
This is Post Utme Aaua 2024 Commerce Question 35. It is one of the objective questions from the 2024 Post Utme Aaua Commerce examination.
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