Post Utme Esut 2022 Economics Question 25
Practice objective / multiple choice question 25 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 capital input from 16 units to 25 units, and holds labor cons\tant at 4 units, what is the percentage change in output?
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About This Question
This is Post Utme Esut 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.
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