Post Utme Covenant University 2018 Economics Question 36
Practice objective / multiple choice question 36 from the 2018 Post Utme Covenant University Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is output, K is capital, and L is labor. If the firm's capital stock increases by 20% and labor remains cons\tant, what is the percentage change in output?
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About This Question
This is Post Utme Covenant University 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.
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