Post Utme Lautech 2020 Economics Question 40
Practice objective / multiple choice question 40 from the 2020 Post Utme Lautech 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, what percentage increase in capital is required?
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About This Question
This is Post Utme Lautech 2020 Economics Question 40. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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