Post Utme Lasu 2023 Economics Question 16
Practice objective / multiple choice question 16 from the 2023 Post Utme Lasu Economics examination.
The production function for a firm is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm increases labor from 100 to 121 units, and capital from 100 to 121 units, what is the percentage change in output?
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About This Question
This is Post Utme Lasu 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.
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