Post Utme Afe Babalola University 2019 Economics Question 30
Practice objective / multiple choice question 30 from the 2019 Post Utme Afe Babalola University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's labor and capital inputs are increased by 10% and 20% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Afe Babalola University 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.
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