Post Utme Rhema University 2018 Economics Question 20
Practice objective / multiple choice question 20 from the 2018 Post Utme Rhema University Economics examination.
A firm's production function is given by Q = 3L^\( 2/3 \)K^\( 1/3 \). If the firm's output increases by 30% and labor increases by 15%, what is the percentage increase in capital?
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About This Question
This is Post Utme Rhema University 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Rhema University Economics examination.
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