Post Utme Mountain Top University 2024 Economics Question 23
Practice objective / multiple choice question 23 from the 2024 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 4 units to 6 units, and keeps the capital cons\tant at 9 units, what is the percentage change in output?
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About This Question
This is Post Utme Mountain Top University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.
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