Post Utme Unn 2017 Economics Question 30
Practice objective / multiple choice question 30 from the 2017 Post Utme Unn Economics examination.
A firm is producing a good u\sing two inputs, labor and capital. The production function is given by Q = 100L^\( 1/2 \)K^\( 1/2 \), where Q is output, L is labor and K is capital. 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 30. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.
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