Post Utme Lasu 2017 Commerce Question 25
Practice objective / multiple choice question 25 from the 2017 Post Utme Lasu Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor input increases by 20% and capital input remains constant, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Lasu 2017 Commerce Question 25. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.
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