Post Utme Abu 2023 Economics Question 29
Practice objective / multiple choice question 29 from the 2023 Post Utme Abu Economics examination.
A firm is producing a good u\sing a production function Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm increases labor from 100 to 121 units, and capital from 100 to 121 units, what is the percentage change in output?
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About This Question
This is Post Utme Abu 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.
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