Post Utme Igbinedion University 2025 Economics Question 3
Practice objective / multiple choice question 3 from the 2025 Post Utme Igbinedion University Economics examination.
A firm's production function is given by Q = 100K^\( 1/2 \)L^\( 1/2 \). If the firm increases the capital from 100 to 400, and the labor from 100 to 400, what is the percentage change in output?
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This is Post Utme Igbinedion University 2025 Economics Question 3. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.
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