Post Utme Ims U 2023 Economics Question 30
Practice objective / multiple choice question 30 from the 2023 Post Utme Ims U Economics examination.
A firm has a production function Q = 100L^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?
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About This Question
This is Post Utme Ims U 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.
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