Post Utme Osustech 2023 Commerce Question 37
Practice objective / multiple choice question 37 from the 2023 Post Utme Osustech Commerce examination.
A company has a production function given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If labor increases from 4 to 9, and capital remains constant at 16, what is the percentage change in output?
Answer Options
About This Question
This is Post Utme Osustech 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.