Post Utme Achievers University 2022 Economics Question 37
Practice objective / multiple choice question 37 from the 2022 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 the labor is increased by 10%, what is the percentage change in capital required?
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About This Question
This is Post Utme Achievers University 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.
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