Post Utme Oau 2023 Economics Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Oau Economics examination.
A farmer is producing wheat u\sing a production function Q = 100L^0.5K^0.5, where L is labor and K is capital. If the farmer increases labor from 100 to 121 units, and capital remains cons\tant at 400 units, what is the percentage change in output?
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About This Question
This is Post Utme Oau 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.
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