Post Utme Pan Atlantic University 2017 Commerce Question 36
Practice objective / multiple choice question 36 from the 2017 Post Utme Pan Atlantic University Commerce 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's labor and capital are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Pan Atlantic University 2017 Commerce Question 36. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.
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