Post Utme Pan Atlantic University 2022 Commerce Question 35
Practice objective / multiple choice question 35 from the 2022 Post Utme Pan Atlantic University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm's labor and capital inputs are increased by 10% and 20%, respectively, what is the percentage change in output?
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About This Question
This is Post Utme Pan Atlantic University 2022 Commerce Question 35. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Commerce examination.
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