Post Utme Igbinedion University 2024 Economics Question 27
Practice objective / multiple choice question 27 from the 2024 Post Utme Igbinedion University Economics examination.
Consider a firm that produces two goods, X and Y. The production functions are given by QX = 2L^0.5K^0.5 and QY = 3L^0.5K^0.5. If the firm's labor and capital inputs are increased by 10% and 5% respectively, what is the new output of good X?
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This is Post Utme Igbinedion University 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.
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