Post Utme Lasu 2023 Economics Question 26
Practice objective / multiple choice question 26 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 the quantity produced, 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 increase in output?
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About This Question
This is Post Utme Lasu 2023 Economics Question 26. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.
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