Post Utme Unn 2017 Economics Question 26
Practice objective / multiple choice question 26 from the 2017 Post Utme Unn Economics examination.
The production function for a firm is given by Q = 100K^\( 1/2 \)L^\( 1/2 \), where Q is output, K is capital and L is labor. If the firm wants to increase output by 20% while keeping labor cons\tant, what percentage increase in capital is required?
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About This Question
This is Post Utme Unn 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.
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