Post Utme Babcock University 2020 Economics Question 32
Practice objective / multiple choice question 32 from the 2020 Post Utme Babcock University Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is the output, K is the capital and L is the labor. If the firm wants to increase its output by 20% and the labor is increased by 10%, what is the percentage change in capital?
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About This Question
This is Post Utme Babcock University 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.
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