Post Utme Osustech 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Osustech Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where L is labor and K is capital. If the firm increases labor from 4 units to 9 units, and capital from 16 units to 25 units, what is the percentage change in output?
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About This Question
This is Post Utme Osustech 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.
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