Post Utme Osustech 2021 Economics Question 29
Practice objective / multiple choice question 29 from the 2021 Post Utme Osustech Economics examination.
A firm's production function is given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is output, K is capital, and L is labor. If the firm's capital stock increases by 25% and labor remains cons\tant, what is the percentage change in output?
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About This Question
This is Post Utme Osustech 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.
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