Post Utme Wellspring University 2018 Economics Question 16
Practice objective / multiple choice question 16 from the 2018 Post Utme Wellspring University Economics examination.
The production function for a firm is given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm increases labor from 100 to 121 units and capital from 100 to 121 units, calculate the percentage change in output.
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About This Question
This is Post Utme Wellspring University 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.
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