Post Utme Ui 2020 Economics Question 32
Practice objective / multiple choice question 32 from the 2020 Post Utme Ui Economics examination.
A firm is producing a good with a production function Q = 2L^0.5K^0.5, where L is labor and K is capital. If the firm increases labor from 100 units to 120 units and capital from 100 units to 120 units, what is the percentage change in output?
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About This Question
This is Post Utme Ui 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.
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