Post Utme Rhema University 2024 Economics Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Rhema University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor (L) increases by 20% and its capital (K) remains cons\tant, what is the percentage change in output (Q)?
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About This Question
This is Post Utme Rhema University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.
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