Post Utme Esut 2024 Economics Question 40
Practice objective / multiple choice question 40 from the 2024 Post Utme Esut Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is the output, K is the capital, and L is the labor. If the firm wants to increase its output by 20% and the capital is fixed at 100 units, what is the percentage change in labor required?
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About This Question
This is Post Utme Esut 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.
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