Post Utme Madonna University 2022 Economics Question 24
Practice objective / multiple choice question 24 from the 2022 Post Utme Madonna University Economics examination.
A firm is producing a good with a production function Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what will be the percentage change in the firm's output?
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About This Question
This is Post Utme Madonna University 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.
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