Post Utme Igbinedion University 2025 Economics Question 20
Practice objective / multiple choice question 20 from the 2025 Post Utme Igbinedion University Economics examination.
A firm has a production function Q = 2L^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 percentage change in capital required?
Answer Options
About This Question
This is Post Utme Igbinedion University 2025 Economics Question 20. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.