Post Utme Futo 2018 Economics Question 35
Practice objective / multiple choice question 35 from the 2018 Post Utme Futo Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor (w) is ₦100 per unit and the price of capital (r) is ₦50 per unit, calculate the value of the elasticity of labor with respect to output.
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About This Question
This is Post Utme Futo 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.
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