Post Utme Pan Atlantic University 2021 Economics Question 3
Practice objective / multiple choice question 3 from the 2021 Post Utme Pan Atlantic University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 10% and 20%, respectively, what is the percentage change in the firm's output?
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About This Question
This is Post Utme Pan Atlantic University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Economics examination.
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