Post Utme Madonna University 2017 Economics Question 17
Practice objective / multiple choice question 17 from the 2017 Post Utme Madonna University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor increases by 20%, and the price of capital increases by 15%, what is the likely effect on the firm's output?
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About This Question
This is Post Utme Madonna University 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.
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