Post Utme Summit University 2022 Economics Question 16
Practice objective / multiple choice question 16 from the 2022 Post Utme Summit University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase its output by 20% while keeping labor cons\tant, what percentage increase in capital is required?
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About This Question
This is Post Utme Summit University 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.
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