Post Utme Christopher University 2024 General Studies Question 30
Practice objective / multiple choice question 30 from the 2024 Post Utme Christopher University General Studies examination.
A firm's production function is given by the equation ( Q = 2L^{0.5}K^{0.5} ), where Q is output, L is labor, and K is capital. If labor increases by 20% and capital remains constant, what is the percentage change in output?
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About This Question
This is Post Utme Christopher University 2024 General Studies Question 30. It is one of the objective questions from the 2024 Post Utme Christopher University General Studies examination.
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