Post Utme Igbinedion University 2023 Economics Question 7
Practice objective / multiple choice question 7 from the 2023 Post Utme Igbinedion University Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If labor increases by 20% and capital remains cons\tant, by what percentage does output increase?
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This is Post Utme Igbinedion University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.
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