Post Utme Bowen University 2020 Economics Question 31
Practice objective / multiple choice question 31 from the 2020 Post Utme Bowen University Economics examination.
The production function for a firm is given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is output, K is capital and L is labor. If the firm increases its capital from 100 to 400, and labor from 100 to 400, what is the percentage change in output?
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About This Question
This is Post Utme Bowen University 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.
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