Post Utme Bsu 2019 Economics Question 31
Practice objective / multiple choice question 31 from the 2019 Post Utme Bsu Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current output is 16 units, and it wants to increase output by 25% while keeping the same input mix, what should be the new level of labor (L) if the current level of labor is 4 units?
Answer Options
About This Question
This is Post Utme Bsu 2019 Economics Question 31. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.