Post Utme Uniport 2018 Economics Question 27
Practice objective / multiple choice question 27 from the 2018 Post Utme Uniport Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is labor and K is capital. If the firm increases labor from 4 to 9 units and capital from 9 to 16 units, what is the percentage change in output?
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About This Question
This is Post Utme Uniport 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.
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