Post Utme Abu 2021 Commerce Question 19
Practice objective / multiple choice question 19 from the 2021 Post Utme Abu Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.25, where Q is output, L is labor, and K is capital. If labor increases by 20% and capital remains constant, what is the percentage change in output?
Answer Options
About This Question
This is Post Utme Abu 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Abu Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.