Post Utme Bowen University 2023 Economics Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Bowen University Economics examination.
A firm's production function is given by Q = 2K^\( 1/2 \) L^\( 1/2 \). If the firm's capital and labor inputs are increased by 20% and 15% respectively, what is the resulting change in output?
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About This Question
This is Post Utme Bowen University 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Bowen University Economics examination.
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