Post Utme Ui 2024 Economics Question 4
Practice objective / multiple choice question 4 from the 2024 Post Utme Ui Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm increases its labor from 100 units to 120 units and its 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 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.
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