Post Utme Uniosun 2021 Economics Question 28
Practice objective / multiple choice question 28 from the 2021 Post Utme Uniosun Economics examination.
A firm's production function is given by the equation Q = 10L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm wants to increase its output by 20% and the price of labor is $10 per hour, what is the minimum increase in capital required?
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About This Question
This is Post Utme Uniosun 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.
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