Post Utme Esut 2021 Economics Question 6
Practice objective / multiple choice question 6 from the 2021 Post Utme Esut Economics examination.
The production function for a firm is given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is output, K is capital, and L is labor. If the firm increases its capital from 400 to 900, and labor remains cons\tant at 400, what is the percentage increase in output?
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About This Question
This is Post Utme Esut 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.
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