Post Utme Covenant University 2017 Economics Question 2
Practice objective / multiple choice question 2 from the 2017 Post Utme Covenant University Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm increases labor from 4 to 9 units, and capital from 9 to 16 units, what is the percentage change in output?
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About This Question
This is Post Utme Covenant University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.
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