Post Utme Caleb University 2020 Economics Question 16
Practice objective / multiple choice question 16 from the 2020 Post Utme Caleb University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's labor and capital are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Caleb University 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Caleb University Economics examination.
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