Post Utme Mountain Top University 2021 Economics Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Mountain Top University Economics examination.
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase output by 20% while keeping labor cons\tant at 100 units, what percentage increase in capital is required?
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About This Question
This is Post Utme Mountain Top University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.
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