Post Utme Mountain Top University 2019 Economics Question 38
Practice objective / multiple choice question 38 from the 2019 Post Utme Mountain Top University Economics examination.
A firm's production function is given by Q = 10L^0.5K^0.5, where Q is the output, L is the labor and K is the capital. If the firm wants to increase its output by 20% and the labor increases by 10%, what is the percentage change in capital required?
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About This Question
This is Post Utme Mountain Top University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.
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