Post Utme Igbinedion University 2020 Economics Question 37
Practice objective / multiple choice question 37 from the 2020 Post Utme Igbinedion University Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor input increases by 25% and its capital input remains cons\tant, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Igbinedion University 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.
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