Post Utme Bells University 2023 Economics Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Bells University Economics examination.
A firm is producing a good with a production function Q = 2L^\( 1/2 \)K^\( 1/2 \), where 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 will be the percentage change in output?
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About This Question
This is Post Utme Bells University 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.
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