Post Utme Noun 2022 Economics Question 34
Practice objective / multiple choice question 34 from the 2022 Post Utme Noun 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's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Noun 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.
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