Post Utme Noun 2023 Economics Question 11
Practice objective / multiple choice question 11 from the 2023 Post Utme Noun Economics examination.
The production function for a firm 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 9 units and capital from 9 units to 16 units, what is the percentage increase in output?
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About This Question
This is Post Utme Noun 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.
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