Post Utme Redeemers University 2021 Commerce Question 22
Practice objective / multiple choice question 22 from the 2021 Post Utme Redeemers University Commerce examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is labor, and K is capital. If the firm increases labor from 100 to 121, and capital from 100 to 121, what is the percentage change in output?
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About This Question
This is Post Utme Redeemers University 2021 Commerce Question 22. It is one of the objective questions from the 2021 Post Utme Redeemers University Commerce examination.
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