Post Utme Covenant University 2022 Economics Question 13
Practice objective / multiple choice question 13 from the 2022 Post Utme Covenant University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor input increases by 20% and its capital input remains cons\tant, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Covenant University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.
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