Post Utme Noun 2023 Commerce Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Noun Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor (L) increases by 20% and capital (K) remains constant, what is the percentage change in output (Q)?
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About This Question
This is Post Utme Noun 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Noun Commerce examination.
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