Post Utme Ims U 2019 Economics Question 16
Practice objective / multiple choice question 16 from the 2019 Post Utme Ims U Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is output, K is capital, and L is labor. If the firm's capital increases by 25% and labor remains cons\tant, what is the percentage change in output?
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About This Question
This is Post Utme Ims U 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.
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