Post Utme Unilorin 2021 Economics Question 31
Practice objective / multiple choice question 31 from the 2021 Post Utme Unilorin Economics examination.
The production function for a firm is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor and K is capital. If the firm wants to increase 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 Unilorin 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.
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