Post Utme Futo 2021 Economics Question 5
Practice objective / multiple choice question 5 from the 2021 Post Utme Futo Economics examination.
A firm's production function is given by Q = 3L^0.7K^0.3. If the firm increases its labor input from 8 units to 12 units, and its capital input from 4 units to 6 units, what is the percentage change in output?
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About This Question
This is Post Utme Futo 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.
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