Post Utme Veritas University 2023 General Studies Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Veritas University General Studies examination.
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor and K is capital. If labor increases by 20% and capital remains constant, what is the percentage increase in output?
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About This Question
This is Post Utme Veritas University 2023 General Studies Question 2. It is one of the objective questions from the 2023 Post Utme Veritas University General Studies examination.
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