Post Utme Caleb University 2022 Economics Question 39
Practice objective / multiple choice question 39 from the 2022 Post Utme Caleb University Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase its output by 20% while keeping labor cons\tant at 16 units, how much capital should it hire?
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About This Question
This is Post Utme Caleb University 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.
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