Post Utme Lasu 2023 Economics Question 36
Practice objective / multiple choice question 36 from the 2023 Post Utme Lasu Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase output by 20% while keeping labor cons\tant at 16 units, what percentage increase in capital is required?
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About This Question
This is Post Utme Lasu 2023 Economics Question 36. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.
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