Post Utme Uniport 2018 Commerce Question 30
Practice objective / multiple choice question 30 from the 2018 Post Utme Uniport Commerce examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm's labor and capital are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Uniport 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.
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