Post Utme Pan Atlantic University 2018 Economics Question 11
Practice objective / multiple choice question 11 from the 2018 Post Utme Pan Atlantic University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the price of labor (L) is ₦100 per unit and the price of capital (K) is ₦200 per unit, calculate the elasticity of labor with respect to output.
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About This Question
This is Post Utme Pan Atlantic University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.
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