Post Utme Lautech 2023 Economics Question 17
Practice objective / multiple choice question 17 from the 2023 Post Utme Lautech Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's labor and capital inputs are increased by 10% and 20% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Lautech 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.
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