Post Utme Madonna University 2023 Economics Question 33
Practice objective / multiple choice question 33 from the 2023 Post Utme Madonna University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor (L) increases from 4 to 9 units, and its capital (K) remains cons\tant at 16 units, what is the percentage change in output?
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About This Question
This is Post Utme Madonna University 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.
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