Post Utme Mountain Top University 2022 General Studies Question 12
Practice objective / multiple choice question 12 from the 2022 Post Utme Mountain Top University General Studies examination.
A firm's production function is given by the equation Q = 2L^0.5 * K^0.5, where Q is output, L is labor, and K is capital. If the firm increases labor from 4 units to 9 units, and capital from 16 units to 25 units, what is the percentage change in output?
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About This Question
This is Post Utme Mountain Top University 2022 General Studies Question 12. It is one of the objective questions from the 2022 Post Utme Mountain Top University General Studies examination.
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