Post Utme Al Hikmah University 2021 Economics Question 27
Practice objective / multiple choice question 27 from the 2021 Post Utme Al Hikmah 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 increases labor from 100 to 120 units and capital from 100 to 120 units, what is the percentage change in output?
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About This Question
This is Post Utme Al Hikmah University 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.
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