Post Utme Achievers University 2019 Economics Question 20
Practice objective / multiple choice question 20 from the 2019 Post Utme Achievers University Economics examination.
A firm has a production function given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm wants to increase its output by 20% and has 10 units of labor and 8 units of capital, what is the new output?
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About This Question
This is Post Utme Achievers University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Achievers University Economics examination.
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