Post Utme Lead City University 2019 Economics Question 10
Practice objective / multiple choice question 10 from the 2019 Post Utme Lead City University Economics examination.
A country has a production function of Q = 100K^0.5L^0.5, where Q is the output, K is the capital and L is the labor. If the capital increases by 20% and labor remains cons\tant, what is the percentage change in output?
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About This Question
This is Post Utme Lead City University 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.
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