Post Utme Covenant University 2019 Economics Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Covenant University Economics examination.
A firm has a production function Q = 100K^0.5L^0.5, where K is capital and L is labor. If the firm increases its capital by 20% and labor by 15%, what will be the percentage change in output?
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About This Question
This is Post Utme Covenant University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.
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