Post Utme Caleb University 2022 Economics Question 12
Practice objective / multiple choice question 12 from the 2022 Post Utme Caleb University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases its labor input from 100 to 120 units, and its capital input from 100 to 120 units, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Caleb University 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.
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