Post Utme Greenfield University 2022 Economics Question 12
Practice objective / multiple choice question 12 from the 2022 Post Utme Greenfield University Economics examination.
A firm's production function is given by Q = 10L^0.5K^0.5, where Q is the output, L is the labor and K is the capital. If the firm wants to increase its output by 20% and the labor increases by 10%, what is the required percentage increase in capital?
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About This Question
This is Post Utme Greenfield University 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.
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