Post Utme Uniben 2024 Economics Question 31
Practice objective / multiple choice question 31 from the 2024 Post Utme Uniben Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm increases its labor input from 100 units to 120 units, and holds capital cons\tant at 400 units, what is the percentage change in output?
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About This Question
This is Post Utme Uniben 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.
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