Post Utme Unn 2023 Commerce Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Unn Commerce examination.
A firm's production function is given by 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 percentage increase in labor and capital is required?
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About This Question
This is Post Utme Unn 2023 Commerce Question 40. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.
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