Post Utme Veritas University 2025 Economics Question 22
Practice objective / multiple choice question 22 from the 2025 Post Utme Veritas University Economics examination.
A firm's production function is given by Q = 100K^0.5L^0.5, where Q is the output, K is the capital and L is the labor. If the firm wants to increase its output by 20% with a 10% increase in labor, what is the required percentage increase in capital?
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About This Question
This is Post Utme Veritas University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.
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