Post Utme Elizade University 2018 Economics Question 20
Practice objective / multiple choice question 20 from the 2018 Post Utme Elizade University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm's labor and capital inputs increase by 10% and 20% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Elizade University 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.
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