Post Utme Madonna University 2021 General Studies Question 9
Practice objective / multiple choice question 9 from the 2021 Post Utme Madonna University General Studies examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm increases its labor from 4 units to 9 units, and its capital from 9 units to 16 units, what is the percentage change in output?
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About This Question
This is Post Utme Madonna University 2021 General Studies Question 9. It is one of the objective questions from the 2021 Post Utme Madonna University General Studies examination.
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