Post Utme Uniosun 2018 Economics Question 35
Practice objective / multiple choice question 35 from the 2018 Post Utme Uniosun Economics examination.
A firm's production function is given by Q = 100L^0.5K^0.5. If the price of labor (L) increases by 20% and the price of capital (K) remains cons\tant, what is the new value of the average product of labor (APL)?
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About This Question
This is Post Utme Uniosun 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.
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