Post Utme Uniosun 2021 Economics Question 13
Practice objective / multiple choice question 13 from the 2021 Post Utme Uniosun Economics examination.
The government of a country is considering a policy to increase the production of a certain good. The good is produced u\sing a production function Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the government wants to increase the production of the good by 20%, what should be the percentage increase in the labor input?
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About This Question
This is Post Utme Uniosun 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.
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