Post Utme Al Hikmah University 2023 Economics Question 16
Practice objective / multiple choice question 16 from the 2023 Post Utme Al Hikmah University Economics examination.
The production function for a firm is given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is the output, K is the capital and L is the labor. If the firm wants to increase its output by 20% while keeping the capital cons\tant, what percentage increase in labor is required?
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About This Question
This is Post Utme Al Hikmah University 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.
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