Post Utme Pan Atlantic University 2024 Economics Question 6
Practice objective / multiple choice question 6 from the 2024 Post Utme Pan Atlantic University Economics examination.
The production function for a firm is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor and K is the capital. If the firm increases labor from 100 to 121 units and capital from 100 to 121 units, what is the percentage change in output?
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About This Question
This is Post Utme Pan Atlantic University 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.
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