Post Utme Noun 2019 Economics Question 18
Practice objective / multiple choice question 18 from the 2019 Post Utme Noun Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is the output, L is the labor, and K is the capital. If the firm wants to increase its output by 20%, what is the required percentage increase in labor?
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About This Question
This is Post Utme Noun 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.
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