Post Utme Esut 2022 Economics Question 22
Practice objective / multiple choice question 22 from the 2022 Post Utme Esut Economics examination.
A firm is producing a good with a production function Q = 2L^\( 1/2 \)K^\( 1/2 \), where L is labor and K is capital. If the firm increases its labor input from 4 units to 9 units, and holds capital cons\tant at 16 units, what is the percentage change in output?
Answer Options
About This Question
This is Post Utme Esut 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.