Post Utme Mountain Top University 2020 Economics Question 34
Practice objective / multiple choice question 34 from the 2020 Post Utme Mountain Top University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm increases its labor input from 4 to 9, and holds capital cons\tant at 16, what is the percentage change in output?
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About This Question
This is Post Utme Mountain Top University 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.
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