Post Utme Christopher University 2019 Economics Question 1
Practice objective / multiple choice question 1 from the 2019 Post Utme Christopher University Economics examination.
The production function for a firm 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 units to 9 units and capital from 9 units to 16 units, what is the percentage change in output?
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About This Question
This is Post Utme Christopher University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Christopher University Economics examination.
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