Post Utme Pan Atlantic University 2023 Economics Question 6
Practice objective / multiple choice question 6 from the 2023 Post Utme Pan Atlantic University Economics examination.
A firm's production function is given by Q = 100L^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 20% and 15% respectively, what is the new level of output?
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About This Question
This is Post Utme Pan Atlantic University 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.
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