Post Utme Summit University 2019 Commerce Question 1
Practice objective / multiple choice question 1 from the 2019 Post Utme Summit University Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm's labor and capital are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Summit University 2019 Commerce Question 1. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.
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