Post Utme Mountain Top University 2018 Economics Question 38
Practice objective / multiple choice question 38 from the 2018 Post Utme Mountain Top University Economics 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 100 units to 120 units, and its capital from 100 units to 120 units, what is the percentage change in output?
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About This Question
This is Post Utme Mountain Top University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.
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