Post Utme Lead City University 2021 Economics Question 4
Practice objective / multiple choice question 4 from the 2021 Post Utme Lead City University Economics examination.
A firm's production function is given by the equation Q = 2K^0.5L^0.5, where Q is output, K is capital, and L is labor. If the firm increases its capital by 20% and labor by 15%, what is the percentage change in output?
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About This Question
This is Post Utme Lead City University 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.
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