Post Utme Osustech 2018 Economics Question 27
Practice objective / multiple choice question 27 from the 2018 Post Utme Osustech Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor, and K is capital. If the firm wants to increase its output by 20% while keeping labor cons\tant at 16 units, what percentage increase in capital is required?
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About This Question
This is Post Utme Osustech 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.
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