Post Utme Caleb University 2019 Commerce Question 32
Practice objective / multiple choice question 32 from the 2019 Post Utme Caleb University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm increases labor from 4 to 9 units, and capital from 9 to 16 units, what is the percentage change in output?
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About This Question
This is Post Utme Caleb University 2019 Commerce Question 32. It is one of the objective questions from the 2019 Post Utme Caleb University Commerce examination.
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