Post Utme Unilag 2021 Economics Question 18
Practice objective / multiple choice question 18 from the 2021 Post Utme Unilag Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is output, K is capital, and L is labor. If the firm increases its capital from 100 to 121, and labor from 100 to 121, what will be the percentage change in output?
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About This Question
This is Post Utme Unilag 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.
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