Post Utme Pan Atlantic University 2024 Economics Question 11
Practice objective / multiple choice question 11 from the 2024 Post Utme Pan Atlantic University Economics examination.
A firm's production function is given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is output, K is capital, and L is labor. If the firm's capital is increased by 20% and labor is increased by 15%, what is the percentage change in output?
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About This Question
This is Post Utme Pan Atlantic University 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.
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