Post Utme Elizade University 2017 Economics Question 35
Practice objective / multiple choice question 35 from the 2017 Post Utme Elizade University Economics examination.
A firm's production function is given by \( Q = 100K^{\frac{1}{2}}L^{\frac{1}{2}} \), where (Q) is the output, (K) is the capital and (L) is the labor. If the firm's capital and labor are increased by 20% and 15% respectively, what is the percentage change in the output?
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About This Question
This is Post Utme Elizade University 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.
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