Post Utme Pan Atlantic University 2020 Economics Question 26
Practice objective / multiple choice question 26 from the 2020 Post Utme Pan Atlantic University Economics examination.
The production function for a firm is given by Q = 100L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm wants to increase output by 20% while keeping labor cons\tant, what percentage increase in capital is required?
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About This Question
This is Post Utme Pan Atlantic University 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.
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