Post Utme Crawford University 2022 Economics Question 15
Practice objective / multiple choice question 15 from the 2022 Post Utme Crawford University Economics examination.
A firm's production function is given by Q = 3K^\( 1/3 \)L^\( 1/3 \). If the firm's capital and labor inputs are increased by 25% and 20% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Crawford University 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.
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