Post Utme Achievers University 2024 Economics Question 2
Practice objective / multiple choice question 2 from the 2024 Post Utme Achievers University Economics examination.
A firm's production function is 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's labor and capital are increased by 20% and 15% respectively, what will be the percentage change in the output?
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About This Question
This is Post Utme Achievers University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Achievers University Economics examination.
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