Post Utme Covenant University 2024 Economics Question 8
Practice objective / multiple choice question 8 from the 2024 Post Utme Covenant University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor (L) increases by 25% and capital (K) remains cons\tant, what is the percentage change in output (Q)?
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This is Post Utme Covenant University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.
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