Post Utme Afe Babalola University 2023 Economics Question 23
Practice objective / multiple choice question 23 from the 2023 Post Utme Afe Babalola University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor (L) increases by 10% and its capital (K) remains cons\tant, what is the percentage change in output (Q)?
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This is Post Utme Afe Babalola University 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Economics examination.
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