Post Utme Summit University 2018 Economics Question 34
Practice objective / multiple choice question 34 from the 2018 Post Utme Summit University Economics examination.
A firm's production function is given by the equation Q = 100K^0.5L^0.5, where Q is the quantity produced, K is the capital stock, and L is the labor input. If the capital stock increases by 20% and the labor input remains cons\tant, what is the percentage change in the quantity produced?
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About This Question
This is Post Utme Summit University 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.
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