Post Utme Unn 2019 Commerce Question 34
Practice objective / multiple choice question 34 from the 2019 Post Utme Unn Commerce examination.
A firm's production function is given by the equation Q = 2L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20%, what is the required percentage increase in labor?
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About This Question
This is Post Utme Unn 2019 Commerce Question 34. It is one of the objective questions from the 2019 Post Utme Unn Commerce examination.
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