Post Utme Babcock University 2020 Commerce Question 34
Practice objective / multiple choice question 34 from the 2020 Post Utme Babcock University Commerce 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 labor increases by 20% and capital remains constant, what is the percentage change in output?
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About This Question
This is Post Utme Babcock University 2020 Commerce Question 34. It is one of the objective questions from the 2020 Post Utme Babcock University Commerce examination.
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